Teacher Retirement System of Texas

Buyer seeks vendors to provide investment advisory and fee monitoring services. The objective is to conduct comprehensive due diligence on investment managers and funds in public and private markets. Services include collecting and validating management fees, carried interest, and fund expenses. Buyer manages $193 billion in assets and requires expertise in operational, investment, and quantitative due diligence reporting.

• 1/20/2025 - RFP Issuance
• 1/28/2025 - Pre-Proposal Conference
• 1/31/2025 - Deadline for Questions
• 2/18/2025 - Proposal Due Date

• Be TX-RAMP certified or obtain certification before contract execution
• Have at least 5 years experience providing advisory services to U.S. public pension clients
• Be a registered investment contractor under the Investment Company Act of 1940

• Conduct comprehensive operational and investment due diligence on managers and funds
• Collect, track, and validate reasonableness of management fees and expenses
• Provide investment advisory services for public and private market investments
• Deliver comprehensive operational, investment, and quantitative due diligence reports
• Maintain detailed records and serve as recordkeeper for program accounting
• Communicate with partnership general partners to evaluate investments
• Prepare staff reports assessing manager operational efficiency and risk management
• Hold video conferences to discuss due diligence report results