The Los Angeles City Employees’ Retirement System (LACERS) administers an investment portfolio with approximately $17.1 billion in assets. LACERS seeks qualified investment management firms to actively manage up to approximately $648 million in one or more of the following long-only, publicly-traded U.S. Small Cap Equities investment strategies: Small Cap Core Equities, Small Cap Growth Equities, and Small Cap Value Equities. Proposed strategies must be benchmarked to the Russell 2000 Index, Russell 2000 Growth Index, or Russell 2000 Value Index. It is LACERS intent to allocate assets across the core, growth, and value styles and to hire more than one firm. LACERS will consider separately managed accounts and fund-of-funds.