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State of Tennessee·Tennessee

General Investment Consulting Services

Closes 8/21/2025$500k – $2MRequest for Proposal
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Description

The State of Tennessee, Department of Treasury, is seeking a general investment consultant to provide investment consulting services for various state funds, including the Tennessee Consolidated Retirement System, endowments, and other record-keeping programs. The consultant will be responsible for monitoring investments, providing investment advice, and assisting with investment decisions. The contract period is not specified, but the RFP includes a pro forma contract that details the scope of services, contract period, payment terms, and other requirements. • The consultant will work with the Treasury Department's investment staff to monitor and manage investments. • The consultant will provide investment advice and recommendations to the Treasury Department. • The consultant will assist with investment decisions and help to ensure that the state's investments are aligned with its investment policies and goals. • The consultant will be required to maintain confidentiality and adhere to the state's ethics and conflict of interest policies. • The consultant will be required to provide monthly reports on participation in the performance of the contract by small business enterprises and businesses owned by minorities, women, service-disabled veterans, and persons with disabilities.

Attached files

Contact

Dawn Rochelle(Solicitation Coordinator)

[email protected]

(615) 253-8770

Key dates

Opened
7/24/2025
Questions due
8/7/2025
Pre-bid meeting
7/30/2025
Closes
8/21/2025
Projected award
9/30/2025

Last updated

Details

Type
Request for Proposal
Industry
Financial Services
NAICS
523930
Solicitation №
30901-62626

Budget estimate

$500,000 – $2,000,000

The budget for this contract is likely to be in the range of $500,000 to $2 million per year, depending on the scope of services and the consultant's fees. The state's investment portfolio is significant, with total assets of over $64 billion, and the consultant will be responsible for monitoring and managing a substantial portion of these investments. The budget will likely be a combination of fixed fees and performance-based fees, with the potential for renewal or extension of the contract.

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