When is the submission deadline?

Submissions are due October 14, 2026. Questions must be submitted by September 28, 2026.

It was issued by Teachers' Retirement System Of The State Of Illinois. The work is located in Chicago, Illinois, United States; Springfield, Illinois, United States; Lisle, Illinois, United States.

Who is a good fit for this opportunity?

Investment technology and operating model consulting firm. Demonstrated experience with institutional investment operations, data governance, and portfolio technology. Expertise in enterprise architecture, systems integration, cybersecurity, controls, and business continuity. Proven public-sector procurement advisory and RFP development experience. Ability to assess complex technology environments and produce prioritized implementation roadmaps. Experience supporting investment analytics, reporting, automation, and artificial intelligence initiatives.

Investment Technology and RFP Consulting Services (Due October 14, 2026)

Overview

Management Consulting & Admin Support

Chicago, Illinois, United States; Springfield, Illinois, United States; Lisle, Illinois, United StatesPosted: September 17, 2026Deadline: October 14, 2026

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SUMMARY

A government authority seeks consulting support to assess and modernize its investment technology, data, governance, reporting, and operational environment. The work includes a target-state roadmap, procurement advisory services, and potential separately negotiated implementation support.

KEY REQUIREMENTS

Must have a minimum of five years experience providing investment technology consulting services to at least three institutional public pension fund clients during the last five years.
Must have successfully completed at least one engagement with a U.S. public pension fund that included an operational assessment, requirements documentation, RFP development, vendor evaluation and selection, system implementation and production deployment.
Must provide at least three client references, including at least one U.S. public pension fund reference.
Must be able to provide annual financial statements upon request.
Must be registered as a business entity with the State Board of Elections pursuant to the Procurement Code, 30 ILCS 500/20-160, if required.

TIMELINE

RFP Issued: September 16th, 2026

Vendor Questions Due: September 28th, 2026

TRS Response to Questions Posted: October 2nd, 2026

RFP Responses Due: October 14th, 2026

Finalist Interviews: November 2026

Evaluations & Selection: October/November 2026

Anticipated Project Start: December 2026

QUESTION DEADLINE

September 28, 2026

CONTACTS

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

Additional decision-makers and their departments

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Issuing Agency

Teachers' Retirement System Of The State Of Illinois

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DESCRIPTION

A government authority in Springfield, Illinois is seeking investment technology and RFP consulting services to modernize its investment operations and technology environment. The engagement is intended to establish an integrated, scalable, and well-governed environment with authoritative investment data, stronger data quality and governance, reduced manual processes and spreadsheet reliance, improved system integration and reporting, enhanced controls and cybersecurity, business continuity support, and the ability to accommodate future growth, advanced analytics, and artificial intelligence where appropriate.

Phase 1 will involve a comprehensive assessment of the authority’s current investment technology, data, operations, reporting, governance, applications, data sources, interfaces, workflows, reporting tools, manual processes, and technology-related controls. The consultant will compare current capabilities with relevant industry practices, identify gaps and improvement opportunities, recommend a target-state operating model and technology and data architecture, and develop a prioritized implementation roadmap.

Phase 2 will provide procurement advisory services for one procurement initiative identified in the approved roadmap. Services will include developing business, functional, technical, data, integration, security, implementation, and reporting requirements, as well as providing technical and subject matter expertise to support proposal evaluation. Evaluation scoring, vendor selection, and contract award decisions will remain the authority’s responsibility. Potential Phase 3 implementation advisory services would be separately defined and negotiated through a Statement of Work and contract amendment. Questions are due by September 18, 2026.

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Frequently asked questions

When is the submission deadline?: Submissions are due October 14, 2026. Questions must be submitted by September 28, 2026.
Who issued this RFP?: It was issued by Teachers' Retirement System Of The State Of Illinois. The work is located in Chicago, Illinois, United States; Springfield, Illinois, United States; Lisle, Illinois, United States.
Who is a good fit for this opportunity?: Investment technology and operating model consulting firm
Demonstrated experience with institutional investment operations, data governance, and portfolio technology
Expertise in enterprise architecture, systems integration, cybersecurity, controls, and business continuity
Proven public-sector procurement advisory and RFP development experience
Ability to assess complex technology environments and produce prioritized implementation roadmaps
Experience supporting investment analytics, reporting, automation, and artificial intelligence initiatives

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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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