TERS to issue RFP for investment consultant

The US public pension is seeking investment consulting services.

Institution: Tacoma Employees’ Retirement System
Headquarters: Tacoma, United States
AUM: $1.89 billion
Allocation to alternatives: 18.2%

Tacoma Employees’ Retirement System plans to issue a request for proposal for an investment consultant in the summer of this year, a contact at the pension informed Private Equity International. The contract of the pension’s current investment consultant, Wilshire Associates, is set to expire in March 2022.

As illustrated below, TERS currently allocates 7.6 percent of its investment portfolio to private equity. The pension’s chief investment officer is Timothy Allen.

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