– Vendor needs to provide multi–asset class risk and performance systems. – The current risk and performance analytics marketplace, with emphasis on systems supporting multi–asset class analytics. – Risk analysis and attribution for multi–asset class portfolios that include significant holdings in private markets. – Performance attribution for multi–asset class portfolios that include significant holdings in private markets. – Uses several risk and performance systems to analyze and understand the funds’ historical performance and potential future risk exposures. – This includes the ability to model private assets directly or via proxies. – Risk based on factor models is preferred but other approaches are also of interest.