Transition Management Services


The Board of the Fund is seeking proposals from qualified firms to provide Transition Management Services. The purpose of employing a Transition manager is to facilitate the restructuring of the portfolio in an efficient manner and provide exposure to the market when appropriate.

The Fund’s hiring of Transition investment managers will require the execution of a management service contract. The Fund is not obligated to award a contract to any of the respondents to this RFP.

Professional Advisors

Legal Advisor

  • David R. Kugler, ESQ

Medical Advisor

  • Peter Orris, M.D.

Investment Consultant

Consulting Actuary


Master Custodian

Commercial Bank

Active Search

Delivery Instructions

The Board’s investment consultant, NEPC, LLC (“the Consultant”) shall oversee the RFP process. If you are interested, you must submit an original hardcopy and electronic copy of the complete Proposal by 10/30/2014 to:

Search Contact:
Attn.: Sebastian Grzejka
One Main Street
Cambridge, MA 02142-1517

RFP Submission


  • Pending

RFP Documents


RFP Disclaimers

PABFProposals become the property of the Fund and these and any late submissions will not be returned. Your Proposal will be open to the public under the Illinois Freedom of Information Act (FOIA) (5 ILCS 140) and other applicable laws and rules, unless you request in your Proposal that we treat certain information as exempt. We will not honor requests to exempt an entire Proposal. You must show the specific grounds in FOIA or another law or rule that support exempt treatment. Regardless, we will disclose the successful Bidder’s name, and the substance of the Proposal. If you request exempt treatment, you must submit an additional copy of the Proposal with exempt information deleted. This copy must tell the general nature of the material removed and shall retain as much of the Proposal as possible. You will be responsible for any costs or damages associated with our defending your request for exempt treatment. You agree the Fund may copy the Proposal to facilitate evaluation, or to respond to requests for public records. You warrant that such copying will not violate the rights of any third party.

Non-Discrimination: No decisions regarding Bidders will be influenced by race, sex, color, religion, national origin, age, disability, veteran status, marital status, or any other unlawful basis.


Exceptions: (i) sole source procurements, (ii) emergency procurements, and (iii) at the discretion of the pension fund, retirement system, or board of investment, contracts that are nonrenewable and one year or less in duration, so long as the contract has a value of less than $20,000.