RFP's


Illinois State Board Reissues Minority Mid-Cap Growth RFP


The $8.8 billion Illinois State Board of Investment has reissued its RFP for a minority-owned domestic mid-cap growth equity manager, with proposals now due Nov. 23. Bill Atwood, executive director of the plan, said the RFP was reissued due to a low initial response rate as well as responses lacking critical data points. He also said the plan eliminated the initial track record requirements, now asking only for GIPS verification, as opposed to a five-year GIPS verified track record and at least seven years experience in the asset class.

The updated RFP is available on the plan's Web site (www.isbi.illinois.gov). Questions regarding the RFP should still be submitted to general investment consultant Marquette Associates via e-mail at ISBISearch3@marquetteassociates.com.

The plan now expects to interview potential finalists on Dec. 17, with a selection still likely on Dec. 18.