Delaware My Market Place #TRE26102-INVSTSRVS

Delaware Seeks Investment Management Services for $6.2 Billion Fixed-Asset Portfolio

The State of Delaware's Office of the State Treasurer is seeking qualified firms to provide investment management services for its $6.2 billion fixed-asset portfolio. - Government Buyer: - Office of the State Treasurer, State of Delaware - Cash Management Policy Board - Services Requested: - Fixed-income investment management services for the state's public funds portfolio - Comprehensive reporting and participation in Board meetings - Adherence to Board-approved investment architecture and guidelines - Portfolio Details: - $6.2 billion fixed-asset portfolio - Managed under a 25% liquidity and 75% reserve manager allocation - Vendor Requirements: - Minimum five years of continuous investment management experience - At least $500 million in assets under management - Mandatory full population of the Nasdaq eVestment database with firm and product information - Contract Structure: - Initial five-year term - Three one-year extension options at the discretion of the Office of the State Treasurer and subject to Board approval - No specific OEMs or named vendors are identified in the solicitation - Notable Requirements: - Strict adherence to detailed investment guidelines and reporting standards - Fiduciary responsibility to the Cash Management Policy Board and OST

Description

The Office of the State Treasurer (OST), on behalf of the Cash Management Policy Board, is seeking proposals from qualified firms to provide investment management services for the State of Delaware. The selected vendors will collectively manage the State's $6.2 billion fixed-asset portfolio according to the investment architecture and guidelines approved by the Board. The contract term is five years with three one-year extension options. Vendors must have at least five years of continuous performance and a minimum of $500 million in assets under management as of December 31, 2025.

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