Request for Qualifications to Provide Public Equity Investment Advisory Services

Background
The Employees Retirement System of Texas (ERS) has issued a Request for Qualifications (RFQ) to select qualified advisors that have existing strategies to provide public equity investment advisory services. The goal of this contract is to ensure that the services provided are in the best interests of ERS, its members, and the state of Texas. The selected advisor will assist ERS in managing its public equity assets while adhering to the ERS Investment Policy Statement.

Work Details
The advisor will provide public equity investment advisory services which include constructing, maintaining, and monitoring an investment portfolio consistent with ERS's Investment Policy Statement. Specific tasks include:

1) Investing a portfolio according to the Investment Policy Statement;
2) Providing guidance on sector and security selection;
3) Monitoring portfolio performance against benchmarks;
4) Reporting on key events impacting portfolio value;
5) Attending ERS Board meetings and maintaining regular communication with ERS staff.

The advisor must demonstrate continuity of key personnel, have an established compliance framework, and ensure data security and confidentiality.

Period of Performance
The contract will commence on the date specified in the contract and will continue until terminated as outlined in the agreement.

Place of Performance
The services will be performed primarily in Austin, Texas, where ERS is located.

Bidder Requirements
Respondents must be registered with eVestment by January 19, 2026. They must also meet minimum qualifications including being a bank, insurance company, or investment advisor in good standing with the SEC. Additionally, they should have been in business for at least three continuous years with a minimum of $500 million in assets under management.