When is the submission deadline?

Submissions are due August 13, 2026. Questions must be submitted by July 10, 2026.

It was issued by California Public Employees' Retirement System. The work is located in Sacramento, California, United States.

Who is a good fit for this opportunity?

Experience managing large-scale real asset valuation projects. Expertise in ASC 820 compliance and industry best practices. Access to qualified independent third-party appraisers. Familiarity with complex business structures and investment vehicles. Prior work with public sector or institutional clients in California.

Real Asset Valuation Management Service (Due August 13, 2026)

Overview

Financial, Legal, HR & Staffing

Sacramento, California, United StatesPosted: June 27th, 2026Deadline: August 13th, 2026

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SUMMARY

A California government agency seeks a firm to manage comprehensive real asset valuation processes, including annual appraisals, quarterly valuations, and consulting related to its Real Assets Portfolio.

KEY REQUIREMENTS

Must have provided valuation management services of real asset investments totaling at least $10 billion per year for the last two calendar years as of December 31, 2025.
Must have been in operation for at least five consecutive years as of December 31, 2025.
Principals must hold recognized professional valuation designations such as MAI, AI-GRS, or Chartered Valuation Surveyor.
Must comply with Disabled Veteran Business Enterprise (DVBE) participation requirements (minimum 0.25% goal).
Must be in good standing and qualified to do business in California.
Must be able to provide USPAP compliant appraisal reviews.
Must be able to provide ASC 820 compliant limited scope appraisals.
Must maintain required insurance coverage including fidelity bonds and errors and omissions coverage.

CONTRACT DURATION

60 months

TIMELINE

RFP Release Date: June 26th, 2026

Deadline to Submit Written Questions: July 10th, 2026

Post Response to Written Questions: July 30th, 2026

Final Filing Date: August 13th, 2026

Preliminary Review: August 2026

Evaluation of Proposals: August/September 2026

Finalists Selected & Winner Determined: September 2026

Post Notice of Intent to Award: September 2026

Anticipated Contract Performance Start Date: Winter/Spring 2027

QUESTION DEADLINE

July 10th, 2026

CONTACTS

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

Additional decision-makers and their departments

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Issuing Agency

California Public Employees' Retirement System

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DESCRIPTION

A government authority in California requires a provider to deliver comprehensive real asset valuation management services. The selected Vendor will oversee the management and oversight of annual appraisals and quarterly valuations, in addition to providing expert consulting services related to the Real Assets Portfolio.

The Valuation Management Company (VMC) will be responsible for managing the agency's annual appraisal and quarterly valuation processes, engaging independent third-party appraisers and reviewing their appraisals, and reviewing quarterly valuations from the agency’s Real Assets external managers. Duties also include providing interim quarterly valuations for specific assets, ensuring compliance with ASC 820, keeping current with industry best practices, evaluating internal valuation practices of appraisal firms, and providing expertise in valuing entity level interests as well as the agency’s interests in separate accounts, commingled funds, and varied business structures.

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Frequently asked questions

When is the submission deadline?: Submissions are due August 13, 2026. Questions must be submitted by July 10, 2026.
Who issued this RFP?: It was issued by California Public Employees' Retirement System. The work is located in Sacramento, California, United States.
Who is a good fit for this opportunity?: Experience managing large-scale real asset valuation projects
Expertise in ASC 820 compliance and industry best practices
Access to qualified independent third-party appraisers
Familiarity with complex business structures and investment vehicles
Prior work with public sector or institutional clients in California

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