The $2.6 billion San Jose (Calif.) Police and Fire Retirement Plan has issued a request for proposals seeking an investment consultant. Candidates would be required to perform private equity consulting, among other duties.

Currently, the plan employs 22 investment managers, including 13 equity managers with 14 portfolios (nine domestic, three international equity and two commingled emerging-markets equity portfolios); three fixed income managers (two domestic core plus and one long bond portfolio); two real estate advisors and one real estate commingled fund; and three fund-of-funds private market equity managers with four portfolios.

The plan, which returned 15.4% last year, is targeting a 5% allocation to private equity. 

The length of the contract, which is projected to start on Jan. 1, is expected to be three years with the potential for extension. The deadline for the RFP, which is available on the plan’s Web site, is May 8.