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RFP: ALTERNATIVE ASSETS ADMINISTRATOR

The Los Angeles County Employees Retirement Association ("LACERA") is requesting proposals from qualified firms interested in providing administrator services for alternative assets. The purpose of this RFP is to identify an administrator for LACERA's private equity, separate account real estate, real assets, and hedge funds. The specific services requested are further described in the Request for Proposal document.

Submission Requirements

The completed proposal must be delivered by 5:00 PM, PDT, Friday, December 30, 2019. Any proposal delivered after the proposal deadline will not be considered. Proposals must be submitted in one of two ways: 1) e-mailed to readminservices@lacera.com and 2) a USB flash drive with electronic files may be mailed to the address below:

Ms. Esmeralda del Bosque
Senior Investment Officer
LACERA
300 North Lake Avenue, Suite 850
Pasadena, CA 91101
readminservices@lacera.com

The size of any emails should not exceed 32 megabytes. If necessary, attachments that have a large file size may be distributed across multiple emails. Faxed and mailed physical paper transmissions are not acceptable. Also, send one electronic copy marked "REDACTED." The redacted copy should exclude only material from your proposal that you believe in good faith is exempt from disclosure under the California Public Records Act (Cal. Gov. Code Sections 6250 et seq.) (Described in Section VI of this RFP). Redactions should appear as blacked out material or blank page(s) with the word "REDACTED" or "PROPRIETARY" inserted.

Deadline For RFP Response

The completed proposal must be delivered by 5:00 PM, PDT, Friday, December 30, 2019. Any proposal delivered after the proposal deadline will not be considered.

Questions Relating To This RFP

All questions, inquiries, and requests for additional information concerning this RFP should be received no later than 5:00 PM, PDT, Friday, December 13, 2019 and should be e-mailed to readminservices@lacera.com. All questions received and responses thereto will be posted on LACERA's website (www.lacera.com) under the "RFP Opportunities" section on or about 5:00 PM PDT, Friday, December 20, 2019.

Tenative Timetable

The following is a tentative schedule for this search. The evaluation and staff recommendation phases are subject to modification by LACERA.

Task Date
LACERA RFP Issued December 2, 2019
Submission – RFP Questions Deadline December 13, 2019
LACERA Response to Written Questions December 20, 2019
Submission – RFP Response Deadline December 30, 2019
RFP Evaluation January 2020
In-house and On-site Interviews February/March 2020
Staff Recommendation to Board of Investments 2Q_2020

RFP Materials

RFP: Alternative Assets Administrator
A – Intent to Respond
B – Investment Policy Statement
C – Minimum Qualifications
D – Questionnaire
E – Diversity & Inclusion
F – Placement Agent Disclosure and SEC Compliance Form
G – Investment Vendor Agreement
Responses to Questions