When is the submission deadline?

Submissions are due October 30, 2026. Questions must be submitted by October 9, 2026.

It was issued by Indiana Public Retirement System. The work is located in Indianapolis, Indiana, United States.

Who is a good fit for this opportunity?

Institutional investment management firm with international public equity expertise. Demonstrated experience managing active extension or 130/30 strategies. Capability to offer fund-of-one or collective investment trust structures. Established short-selling, trading, risk management, and internal control infrastructure. Experience serving government entities, pension plans, or other institutional investors.

International Active Extension Public Equity Management Service (Due October 30, 2026)

Overview

Financial, Legal, HR & Staffing

Indianapolis, Indiana, United StatesPosted: September 19, 2026Deadline: October 30, 2026

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SUMMARY

Indiana government authority seeks a manager for international active extension public equity services under a five-year contract. Qualified firms must support preferred investment vehicles and demonstrate robust short-selling, risk management, trading, and internal control capabilities.

KEY REQUIREMENTS

Must be an investment advisor registered with the SEC
Must have existing firm institutional AUM of at least $10 billion
Must have a minimum track record of seven years as a manager of active extension strategies
Must have a performance track record for managing international equity active extension in compliance with GIPS that extends at least one year as of October 1st, 2026
Must have a minimum of at least $4 billion institutional assets under management in active extension strategies in total
Must have at least $1 billion institutional assets under management in international equity active extension strategies in total
Must be registered to do business with the Indiana Secretary of State
Must demonstrate capability, controls, and infrastructure to implement short selling as a structural component of the active extension strategy

CONTRACT DURATION

60 months

TIMELINE

Release of RFP: September 18th, 2026

Respondent’s Inquiry Period Ends: October 9th, 2026, 3:00 P.M. (EDT)

Answers to Inquiries Published to Responsive: October 16th, 2026

Respondent RFP Submissions Due in Responsive: October 30th, 2026, 3:00 P.M. (EDT)

Finalist Presentations at INPRS or virtual: December 2026

On-Site Visits: January / February 2027

Selection of Manager(s): March 2027

Contract Negotiation: April / May 2027

QUESTION DEADLINE

October 9, 2026

CONTACTS

Primary procurement contact — name, title, email, and phone

Additional decision-makers and their departments

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Issuing Agency

Indiana Public Retirement System

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DESCRIPTION

A government authority in Indiana is seeking an investment management firm to provide international active extension public equity management services under a five-year contract.

The selected firm must be able to offer a fund of one or a collective investment trust. Other vehicle types will be considered, although fund-of-one and collective investment trust structures are generally preferred. The firm must also demonstrate the capability, controls, and infrastructure to implement short selling as a structural component of an active extension strategy, such as a 130/30 framework, including appropriate risk management, operations, trading, and internal controls.

All questions must be submitted by October 9, 2026, and proposals are due by October 30, 2026.

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Frequently asked questions

When is the submission deadline?: Submissions are due October 30, 2026. Questions must be submitted by October 9, 2026.
Who issued this RFP?: It was issued by Indiana Public Retirement System. The work is located in Indianapolis, Indiana, United States.
Who is a good fit for this opportunity?: Institutional investment management firm with international public equity expertise
Demonstrated experience managing active extension or 130/30 strategies
Capability to offer fund-of-one or collective investment trust structures
Established short-selling, trading, risk management, and internal control infrastructure
Experience serving government entities, pension plans, or other institutional investors

Analysis generated by Settle AI from the source RFP.

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Settle pieces together buyer signals, budgets, contract activity, and the sources your team already monitors. See why an opportunity fits and what to do before the RFP posts.

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