Introduction

SERVICES TO BE PROVIDED

The Retirement Board (“the Board”) of the Policemen’s Annuity and Benefit Fund of Chicago (“the Fund” or “PABF”) is requesting proposals from qualified firms interested in providing broker services for the sale of private markets partnerships. Responding firms must demonstrate experience and expertise in all matters related to secondary private markets brokerage services. All responding firms must meet the highest standards of professional competence and ethics. The selected firm(s) will serve as a fiduciary in its capacity to the Fund.
Secondary Private Market Brokerage Services

Professional Advisors

Legal Advisor

  • David R. Kugler, ESQ

Medical Advisor

  • Peter Orris, M.D.

Investment Consultant

Consulting Actuary

Auditor

Master Custodian

Commercial Bank

RFP Documents

Archived

Active Search

The Board’s investment consultant NEPC, LLC shall oversee the RFP process. If you are interested, you must submit an electronic copy of the complete Proposal by 3:00 CST on May 1, 2017 responses submitted after this time and date will not be considered. All responses should be submitted electronically.

Delivery Instructions

The subject line of your email submission should be “Broker Services for the Sale of Private Markets Partnerships RFP”.

You must also send one (1) bound hard copy of all your proposal materials (also by 3:00 pm CST on May 1, 2017) to:

Aoifinn Devitt
Chief Investment Officer
Chicago Policemen's Annuity and Benefit Fund
221 North LaSalle Street, Suite 1626
Chicago, Illinois 60601
email: adevitt@chipabf.org


-and-
DeAnna I. Jones
Senior Analyst
NEPC
10 South Wacker Drive, Suite 1230
Chicago, IL 60606
ChicagoPoliceRFP@nepc.com

An RFP submission would be deemed complete only when ALL requested information has been completed in full and submitted as instructed above. Incomplete submissions or responses not submitted as instructed will be rejected and any follow on submissions in support of an application filed earlier will not be entertained under any circumstances.

RFP Submission Documentation

Awarded

  • Pending

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

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.