To meet its business needs, PSPRS uses a variety of procurement processes to award contracts. The competitive bidding process includes invitation for bid and request for proposals. PSPRS may also elect to obtain contracted services already established by the State Procurement Office.
Current Bidding Opportunities
PSPRS is currently seeking proposals from law firms to (i) monitor and ensure the proper filing of claims by the Trust's custodian in domestic securities class actions in which the Trust is interested, (ii) represent the Trust in domestic actions filed by the Trust against domestic issuers, and (iii) prosecute the Trust's claims of securities fraud arising from securities purchased on foreign exchanges. For more information, download the RFP using the link below.
RFP for Securities Litigation Services
The PSPRS Investment Department is responsible for the management and investment of fund assets in accordance with investment strategies and policies approved by the Board of Trustees. This includes the oversight and management of assets managed by specialized external investment managers as part of the overall investment operations of the System.
Due diligence can begin months or years before an investment is made; however, the PSPRS Investment Department finds that the process of quantitative, qualitative and legal due diligence can be completed within 30 to 90 days, depending on timing. PSPRS does not have a prohibition on placement agents, but requests that firms disclose their dealings with placement agents.
We invite potential partners to review the previous Commitee Agendas for commitments to comparable funds. The size of commitment depends on many factors, such as the size of the portfolio for which it is considered, the liquidity terms, and the size of the fund. If you are an investment manager interested in executing transactions with, or on behalf of the PSPRS, you may make such inquiries using our Online Email Resource.