Name: New York City Board of Education Retirement System
Headquarters: Brooklyn, US
AUM: $9.03 billion
Allocation to alternatives: 24.45%
New York City Board of Education Retirement System issued request for proposals for investment consultant services.
The investment consultant will be subject to a three-year agreement from November 2024 with an optional two-year extension. Additionally, New York City BERS could choose to contract two investment consultants, with one dedicated to general consulting and the other specialising in private markets investments.
The Brooklyn-based institution outlined the following scope for general consulting services:
- Investment policy and strategy
- Portfolio structuring and asset class allocations
- Performance evaluation and benchmarking
- Training and educating BERS personnel and trustees
New York City BERS outlined the following scope for private markets investment consulting:
- Strategic advice for BERS’ private markets investment programme
- New investment identification and evaluation
- Private markets research reports
- Operational due diligence
- Private markets portfolio performance monitoring
- Private markets back office support
The public pension plan currently has $9.03 billion in assets under management.
Platinum subscribers may click here for the investor’s full profile, including key contacts, allocation strategy and fund investments.
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