RFP: Global Equity Emerging Separate Account Manager
The Los Angeles County Employees Retirement Association ("LACERA") is requesting proposals from qualified firms interested in providing separate account manager services for a portfolio of emerging global equity managers. The separate account manager would source and select the emerging managers. The specific services requested are further described in the Request for Proposal “RFP” document.
Scope of work
The purpose of this RFP is to identify a separate account investment manager to construct and manage a portfolio of emerging global equity managers. A separate account manager would source, conduct due diligence on, and manage a portfolio of global equity managers that adheres to LACERA’s policies. LACERA seeks firms with the following experiences and competencies.
- Source, diligence, and select high-quality investments
- Construct portfolios adhering to LACERA’s program guidelines and objectives
- Strong operational due diligence capabilities and experience providing feedback and guidance to emerging firms
- Provide reporting on investments including detailed written recommendations, investment and operational due diligence summaries, and performance reports
- Provide research on emerging managers including best practices, trends, and events
If you are interested in responding, please submit your Intent to Respond (Attachment A) to Publicequities@lacera.com by 5:00 PM, PDT, Friday, June 3, 2022.
The completed proposal must be delivered to Publicequities@lacera.com by 5:00 PM, PDT, Friday, June 24, 2022. Any proposal delivered after the proposal deadline will not be considered.
The size of any emails should not exceed 32 megabytes. If necessary, attachments that have a large file size may be distributed across multiple emails. Faxed and mailed physical paper transmissions are not acceptable. Also email one PDF copy marked “REDACTED”. The redacted copy should exclude all material from your proposal that you believe in good faith is exempt from disclosure under the California Public Records Act (Cal. Gov. Code Sections 6250 et seq.) (Described in Section VI of this RFP). Redactions should appear as blacked out material or blank page(s) with the word “REDACTED” or “PROPRIETARY” inserted.
Questions Relating to This RFP
All questions, inquiries, and requests for additional information concerning this RFP should be submitted via email and received no later than 5:00 PM PDT, June 10, 2022, to Publicequities@lacera.com. All questions received and responses thereto will be posted on LACERA’s website (www.lacera.com) under the "Business Opportunities" section (follow on the website: About LACERA/Who We Are/Business Opportunities) on or about 5:00 PM PDT, June 17, 2022.
The following is a tentative schedule for this search. The evaluation and staff recommendation phases are subject to modification by LACERA.
- LACERA RFP Issued
- May 20, 2022
- Submission – Letter of Intent
- June 03, 2022
- Submission – RFP Questions to LACERA Deadline
- June 10, 2022
- LACERA Responses to Written Questions
- June 17, 2022
- RFP Response Deadline
- June 24, 2022
- RFP Responses Evaluated
- June – July 2022
- Due Diligence Interviews
- August – September 2022
- Staff Recommendation to Board of Investments
- October 2022