Wisconsin Issues RFP For Private Equity Consultant

Jun 2 2010 | 10:33am ET

The State of Wisconsin Investment Board, which oversees $78.1 billion in assets, is searching for a private equity consultant to serve as a fiduciary for the Wisconsin Retirement System.

The board has issued an RFP for assets related the Core Retirement Investment Trust Fund, which is the state's primary retirement fund totaling approximately  $67.8 billion as of December 31, 2009.

To quality, firms submitting proposals must currently be providing non-discretionary private equity consulting services to at least two pension or other major institutional fund clients, each with a private equity portfolio with market values of $1 billion or more (as of December 31, 2009), and one of these funds must be a public pension fund. Also, applicants must have the ability to designate a senior private equity consultant with a minimum of five years private equity-related investment experience to work extensively on the SWIB account.

Proposals are due June 11. The RFP is available on the SWIB web site.

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