To meet its business needs, PSPRS frequently contracts with outside vendors and consultants. 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.
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 and use of external investment managers and consultants.
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 Commitee Agendas to find PSPRS commitments to comparable funds. The size of commitment depends on many factors, such as the asset class 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 Contact Us to make such inquiries, or contact our Investment Team.