Sacramento Opengov #2026-GEN-0037

SCERS General Investment Consulting Services

SCERS seeks a fiduciary investment consultant for its approximately $15.7 billion retirement portfolio. - Government buyer: Sacramento County Employees’ Retirement System (SCERS), SCERS Investment Team, Sacramento County, California; contracting office at 980 9th Street, Suite 1900, Sacramento, CA 95814. - Requested service: Full-service, retainer-based, non-discretionary general investment consulting for the total portfolio. - Advise on investment policy, strategic asset allocation, asset-liability analysis, risk management, and liquid markets. - Support public equity and credit manager searches and due diligence, and monitor portfolio, managers, markets, and investment performance. - Provide investment data and return reconciliation, compliance and securities-lending reporting, meeting support, and board education. - Coordinate with SCERS staff and its alternative-assets and real-estate consultants. - Notable requirements: The consultant must serve in a fiduciary capacity, meet SCERS’ minimum qualifications, and have SEC investment-adviser registration or qualify for an applicable exemption. At least five years of relevant, continuous U.S. experience is required. SCERS will assess the proposed team, experience, fees and value, independence and conflict management, analytical and research capabilities, reporting, technology, and references. - OEMs and named service vendors: No product manufacturers or consulting vendors are specified in the opportunity.

Description

Sacramento County Employees' Retirement System (SCERS) seeks proposals for a full-service, retainer-based, non-discretionary general investment consultant to support the continuing evolution and ongoing monitoring of its total investment portfolio. The consultant will act as a fiduciary and work closely with SCERS staff, the Board, and the system’s alternative assets and real estate investment consultants. The scope includes general consulting, risk advisory, and liquid markets services, including investment policy and asset allocation advice, portfolio monitoring, reporting, and support for investment-related meetings and training. Proposals are due May 12, 2026, through OpenGov Procurement.

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