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RFP: TRANSITION MANAGEMENT BENCH

The Los Angeles County Employees Retirement Association ("LACERA") is requesting proposals from qualified firms interested in providing transition management services. LACERA seeks a group of experienced transition managers with varied specializations in different asset classes to create a bench of Board approved transition managers that may bid on LACERA’s transition events as they occur.

SUBMISSION REQUIREMENTS

The completed proposal must be delivered by 5:00 PM, PST, Friday, August 28, 2020. Any proposal delivered after the deadline will not be considered. Proposals are to be submitted via email to:

Mr. Mel Tsao
Senior Investment Analyst
LACERA
transitionmanagement@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, email 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, PST, Friday, August 28, 2020. Any proposal delivered after the proposal deadline will not be considered.

QUESTIONS RELATING TO THIS RFP

Please note that during this evaluation process, LACERA staff will not answer any questions related to the RFP. If a question appears unclear to you, please state your interpretation of the question, and answer it accordingly.

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
Submission — Intent to Respond (Attachment A1) August 14, 2020
Submission — RFP Response Deadline August 28, 2020
RFP Evaluation September 2020
In-house and on-site or web-based diligence interviews September-November 2020
Staff Recommendation to Board of Investments December 2020

RFP Materials

RFP: Transition Management Bench
A1: Intent to Respond
B1 LACERA Investment Policy Statement
C1 Minimum Qualifications
D1 Questionnaire
E1 Diversity and Inclusion
F1 Placement Agent Modified Disclosure Form
G1 Sample Investment Management Agreement