Texas DIR/ESBD #TRS000698

TRS seeks advisory services for secondary market transactions in investment portfolios

The Teacher Retirement System of Texas (TRS) is seeking qualified vendors to provide advisory services for secondary market transactions within its Investment Management Division. - Government Buyer: - Teacher Retirement System of Texas (TRS) - Investment Management Division - Procurement & Contracts office, Austin, Texas - Services Requested: - Advisory services for private markets secondary transactions - Includes market intelligence, transaction analysis, advisory recommendations, buyer identification, negotiation support, transaction execution, and quarterly reporting - Deliverables: pre-market, marketing, and closing reports - Requirements: - Vendors must have at least five years of relevant experience - Must have completed at least three similar secondary market transactions in size, scope, and complexity - Compliance with Texas Government Code Section 825.103 - Dual CTCD/CTCM certification required - Adherence to TRS's Veteran Heroes United in Business Subcontracting Plan - Emphasis on data security, confidentiality, and compliance with Texas laws - Contract Details: - Five-year contract term with no optional renewals - Payment based on a transaction fee percentage of transaction value - No specific OEMs or named vendors in the solicitation - NIGP codes: 94656 (Investment Management Services), 94648 (Financial Advisor), 91832 (Consulting Services - Not Otherwise Classified)

Description

The Teacher Retirement System of Texas (TRS) is soliciting qualified vendors to provide advisory services for its Investment Management Division (IMD) investment portfolios. The services pertain to secondary market transactions that best meet TRS's short and long-term investment objectives. The solicitation requires vendors to have a minimum of five years of experience and successful completion of at least three similar private markets secondary transactions. The contract term is five years with no optional renewals, and the estimated contract value is $25,000,000.

View original listing