Passively Managed Infrastructure RFP

The Los Angeles City Employees’ Retirement System (LACERS) is soliciting proposals to provide one or more qualified investment management firms up to approximately $800 million in a passively managed global listed infrastructure strategy on behalf of LACERS.

Request for Proposal (“RFP”) is to invite proposers to submit competitive sealed proposals to manage a Listed Infrastructure product on behalf of LACERS. Proposed products must be focused on Passive Listed Infrastructure and employ a strategy that is clearly articulated and has been consistently applied over time. LACERS’ proposed investment strategy benchmark is the S&P Global Listed Infrastructure Index. Listed Infrastructure is a sub-asset class within LACERS’ Real Assets allocation. At this time, multi-manager programs will not be considered for this mandate. A proposal for a separately managed account is preferred, but commingled vehicles will also be considered. Additionally, the proposers may consider the hedging of non-US currency exposure to any products proposed. The proposers must provide an individual submission for each product proposed. One or more managers may be selected for the mandate.

This Request for Proposal (RFP) details the services sought and instructs interested proposers on the application and selection process. All firms meeting the minimum qualifications outlined in Section B of this RFP are invited to respond.

Respondents are responsible for monitoring this website for any updates or additional materials related to this RFP, including but not limited to WCAG-compliant versions of previously posted documents. LACERS may, at its discretion, post revised or accessible versions of RFP materials at any time. Respondents may rely on the version of the RFP documents available at the time of their submission; however, it is the sole responsibility of each respondent to determine whether to incorporate any subsequently posted materials into their response.

Passively Managed Global Listed Infrastructure RFP

Appendices and Attachments

Appendix A - General Conditions and Compliance Documents

Appendix A (Attachment 1) - Confidentiality & Non-Disclosure of Member Information

Appendix A (Attachment 2) - Request for Proposal Warranty & Affidavit

Appendix A (Attachment 2a) - Warranty Affidavit Tutorial Example

Appendix A (Attachment 3) - LACERS Ethical Contract Compliance Policy

Appendix A (Attachment 4) - Proposer Disclosure Form

Appendix A (Attachment 5) - Bidder CEC Form 50

Appendix A (Attachment 5a) - CEC Form 50 & 55 Tutorial Example

Appendix A (Attachment 6) - Bidder CEC Form 55

Appendix A (Attachment 7) - Form 700 Filers

Appendix B - Standard Provisions for City Contracts

Appendix C (Attachment 1) - Gender Equity in City Operations Disclosure

Appendix C (Attachment 2) - Sexual Harassment Policy Disclosure

Appendix C (Attachment 3) - Organization Diversity Survey ODS Form

Appendix D - Sample LACERS IMA Template

General Conditions and Compliance Forms Instructions