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OPPORTUNITIES


RFP: SEARCH FOR PRIVATE EQUITY ADVISOR

The Los Angeles County Employees Retirement Association ("LACERA") is requesting proposals from qualified firms interested in providing non-discretionary advisory/consulting services for private equity investments. The specific services requested via this Request for Proposal ("RFP") are contained in Section II, Scope of Work.

SCOPE OF WORK

The purpose of this RFP is to select a Private Equity Advisor to provide non-discretionary advisory/consulting services for private equity investments. For purposes of this RFP, the term "private equity" refers to venture capital and private equity investments (including, but not limited to, buyouts, mezzanine, distressed debt, and special situations).

LACERA will consider proposals for a Private Equity Advisor. The proposal must demonstrate that the advisor is capable of providing advice and recommendations for the service category(ies) proposed. Proposals must specifically identify the scope of services offered under appropriate descriptive headings and any asset categories, strategies, or vehicles excluded from the services offered.

Firms are invited to submit proposals for Private Equity Advisor services described above.

Submission Requirements

Submit your Intent to Respond (Attachment A) via email by 3:00 PM, PST, Friday, February 19, 2021, as well as your completed proposal (email and hard copies) by 3:00 PM, PST, Friday, February 26, 2021. Any proposal delivered after the proposal deadline will not be considered. Faxed transmissions are not acceptable. The email transmission and an original (unbound) and six copies (bound) of the completed proposal are to be sent to the attention of:

Mr. Christopher J. Wagner
Principal Investment Officer
LACERA
300 North Lake Avenue, Suite 850
Pasadena, CA 91101
alternatives@lacera.com

Also send one unbound copy marked "REDACTED". The redacted copy should exclude all 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 VII of this RFP). Redactions should appear as blacked out material or blank page(s) with the word "REDACTED" or "PROPRIETARY" inserted.

QUESTIONS RELATING TO THIS RFP

All questions, inquiries, and requests for additional information concerning this RFP should be received no later than 3:00 PM, PST, Friday, January 29, 2021 and should be emailed to (alternatives@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 3:00 PM PDT, Monday, February 15, 2021.

Tentative 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 January 22, 2021
Submission – RFP Questions Deadline (Firm) January 29, 2021
LACERA Response to Written Questions February 15, 2021
Submission – Letter of Intent (Firm) February 19, 2021
Submission – RFP Response Deadline February 26, 2021
Notification of Firms Past First Round (Tentative) March 31, 2021
Notification of Advancement (Tentative) June 30, 2021
Board of Investments Interviews (Tentative) August 11, 2021
Selection Announced (Tentative) August 11, 2021

RFP Materials

RFP: Search For Private Equity Advisor
A - Intent to Respond
B - Private Equity Holdings
C - Investment Policy Statement
D - Minimum Qualification
E - Questionnaire
F - Supplemental Questionnaire
G - Diversity Inclusion Questionnaire
H - Diversity Inclusion Questionnaire Table
I - Investor Consulting Agreement
RFP Responses to Questions