When is the submission deadline?

Submissions are due August 28, 2026. Questions must be submitted by July 8, 2026.

It was issued by Firemen's Annuity & Benefit Fund Of Chicago. The work is located in Chicago, Illinois, United States.

Who is a good fit for this opportunity?

Institutional investment consulting firm with public-sector or pension fund experience. Demonstrated expertise in performance measurement and portfolio risk analytics. Experience advising on traditional and alternative investments. Strong investment policy development and asset allocation capabilities. Proven manager research and due diligence practice. Ability to present to investment committees, trustees, and internal staff. Familiarity with government authority procurement and reporting requirements.

Investment Consulting, Performance and Risk Measurement Services (Due August 28, 2026)

Overview

Financial, Legal, HR & Staffing

Chicago, Illinois, United StatesPosted: July 8th, 2026Deadline: August 28th, 2026

Settle Signals

Market intelligence for public sector sales teams

RFP Hunter shows what is open. Settle shows what is forming.

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.

Learn more about Settle

SUMMARY

Illinois-based government authority seeks a qualified firm to deliver bundled investment consulting, manager research, and performance and risk measurement services. The engagement includes policy support, asset allocation review, and ongoing advisory services to investment staff and trustees.

KEY REQUIREMENTS

Must be a registered investment adviser under the Investment Advisers Act of 1940
Must agree to act as a fiduciary to the Fund in accordance with the Illinois Pension Code
Must have proven experience providing investment consulting services to large corporate, public, and Taft-Hartley defined benefit pension plans, foundations, and endowments
Must have provided investment consulting services for a minimum of seven years to at least seven U.S. public employee retirement systems
Must have at least two public employee retirement system clients with assets of at least $5 billion
Fund assets must not represent more than 20% of the respondent's total firm assets under advisement
Must be authorized to do business in the State of Illinois
Must have dedicated resources to assist the Board in efforts to increase racial, ethnic, and gender diversity of fiduciaries

CONTRACT DURATION

60 months

TIMELINE

Date of Issue: June 17th, 2026

Deadline for RFP Questions: July 8th, 2026

Q&A Document posted to Fund's website: July 29th, 2026

RFP Submission Due Date: August 28th, 2026

Finalist Presentation: October-November, 2026

Selection of Investment Consultant: December, 2026

QUESTION DEADLINE

July 8th, 2026

CONTACTS

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

Additional decision-makers and their departments

See Decision-Maker Contacts

Issuing Agency

Firemen's Annuity & Benefit Fund Of Chicago

Organization overview and procurement intelligence available on paid plans.

See Issuer Research

DESCRIPTION

A government authority in Illinois is seeking a vendor to provide investment consulting along with performance and risk measurement services. The requested scope includes a bundled package of general investment consulting covering both traditional asset classes and alternative investments.

The selected vendor will support the development, ongoing review, and maintenance of the investment policy, goals, objectives, and portfolio asset allocation. The work also includes providing research and due diligence reports on each investment manager, communicating advice to the investment committee and staff on policy matters, manager research, manager performance, and capital market conditions, and reviewing the fund's investment history, historical capital market performance, and investment policy statement with trustees as needed. In addition, the vendor will provide ongoing asset-liability allocation review and specific recommendations.

Questions regarding the solicitation must be submitted no later than July 8, 2026.

Similar RFPs

Frequently asked questions

When is the submission deadline?: Submissions are due August 28, 2026. Questions must be submitted by July 8, 2026.
Who issued this RFP?: It was issued by Firemen's Annuity & Benefit Fund Of Chicago. The work is located in Chicago, Illinois, United States.
Who is a good fit for this opportunity?: Institutional investment consulting firm with public-sector or pension fund experience
Demonstrated expertise in performance measurement and portfolio risk analytics
Experience advising on traditional and alternative investments
Strong investment policy development and asset allocation capabilities
Proven manager research and due diligence practice
Ability to present to investment committees, trustees, and internal staff
Familiarity with government authority procurement and reporting requirements

Analysis generated by Settle AI from the source RFP.

RFP Hunter shows what is open. Settle shows what is forming.

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.

See how Settle works