Request for Proposals

Money
September 12, 2018

Closed-End Unlisted Infrastructure Equity Fund Search

The Illinois Municipal Retirement Fund (“IMRF”) is requesting proposals from investment management firms offering diversified North American and/or Global multi-sector (at least two sectors) focused closed-end unlisted infrastructure equity products. IMRF has at least $25 million to allocate and multiple managers will be considered for the mandate. Fund of funds (primary and secondary) products will not be considered for this mandate.

Depending on the structure of the investment vehicle, respondents may need to be registered as an investment advisor or a bank as defined under the Investment Advisers Act of 1940.

Proposals must be received no later than end of business day on Monday, October 1, 2018. All proposals shall become the property of IMRF.

The Quiet Period for this RFP begins September 12, 2018. The Quiet Period for this process is the period of time beginning when the RFP is issued and ends when the investment manager is selected by the IMRF Board of Trustees or the process is declared to be complete. The requirements of the Quiet Period are in Section 1.3 of the RFP. Respondents shall not contact IMRF Board members during the Quiet Period. A respondent will be disqualified for violating the Quiet Period.

Please click here to access the RFP.

All questions must be directed to realassets@imrf.org.