Opportunity
Teachers' Retirement System of the State of Illinois #296612
Illinois Teachers’ Retirement System seeks Investment Technology and RFP Consulting Services
Posted
September 16, 2026
Respond By
October 14, 2026
Identifier
296612
NAICS
541618
The Teachers’ Retirement System of the State of Illinois (TRS) is seeking consulting services to modernize and optimize its investment technology and operations environment. - Government Buyer: - Teachers’ Retirement System of the State of Illinois (TRS) - Located in Springfield, Illinois - Scope of Services: - Investment Technology and RFP Consulting Services - Assessment of current investment operations, data, and technology - Development of a target state roadmap for integrated, scalable solutions - Procurement consulting for new technology solutions - Optional implementation advisory services - Existing Technology Environment: - TRS currently uses products from major vendors: - State Street (custodian bank and trustee) - BlackRock (Aladdin Insight and Aladdin Risk platforms) - Bloomberg - FactSet - PowerBI - LaserFiche - Dynamo - Microsoft Office - eVestment - PitchBook - Green Street - Oxford Economics - Unique Requirements: - Advisory firm must assess existing workflows, identify gaps, and recommend improvements - Support procurement process for new solutions - Encourages participation from minority, female, disabled, and veteran-owned firms - No specific product quantities or part numbers listed; this is a consulting and advisory engagement
Description
The Teachers’ Retirement System of the State of Illinois (TRS) is requesting proposals for Investment Technology and RFP Consulting Services. The goal is to obtain detailed proposals from qualified vendors to assist with current state assessment, procurement consulting, and optional implementation advisory services. The engagement aims to develop a scalable, well-governed investment technology environment that improves data quality, reduces manual processes, and supports automation and advanced analytics. TRS manages over $86 billion in assets and seeks to enhance its investment technology and operations environment.