Indiana Public Retirement System - International Active Extension Public Equity Management - RFP 26-06 (2026)
Indiana Public Retirement System | State of IndianaState · Indianapolis, IN- Due
- Oct 30, 2026
- 2 days left
- Posted
- Sep 18, 2026
- Contract term
- 5 years
The 30-second brief
The Indiana Public Retirement System (INPRS) is soliciting proposals from qualified investment firms for an active extension international equity mandate, benchmarked to a developed market and emerging market ex-U.S. ex-China, ex-Hong Kong index. The scope includes portfolio management services for INPRS's strategic allocation to Public Equity, utilizing short selling as a structural component through a 130/30 or similar framework. Firms must have at least $10 billion in institutional AUM and a minimum track record of seven years managing active extension strategies. The submission deadline is October 30, 2026, at 3:00 PM EDT, with inquiries due by October 9, 2026. Proposals must be submitted electronically via Responsive's online investment RFP management platform.
Background and General Information, Ownership structure, Short-term and long-term business strategy, Investment Team, Integrity, depth, experience, and stability of the responsible investment team, Investment Strategy, Well defined and consistent process, Performance and Portfolio Composition, Returns and tracking error on same or similar international equity mandates, Portfolio characteristics, Risk Management, Risk controls, resources, and oversight, Robustness of short selling implementation including financing/counterparty infrastructure and quantitative risk controls, Investment Vehicle & Fees, Competitive fee structure, Trading & Operations, Legal, Regulatory, & Compliance, Appropriate framework regarding use of non-financial factors, Reporting & Client Service, Experience with providing service to public plans
Get the decision makers at Indiana Public Retirement System | State of Indiana before you write a word.
Get decision-maker emailsFree account · 30-second setup · No credit card
Summary
The Indiana Public Retirement System (INPRS) is soliciting proposals from qualified investment firms for an active extension international equity mandate, benchmarked to a developed market and emerging market ex-U.S. ex-China, ex-Hong Kong index.
The scope includes portfolio management services for INPRS's strategic allocation to Public Equity, utilizing short selling as a structural component through a 130/30 or similar framework. Firms must have at least $10 billion in institutional AUM and a minimum track record of seven years managing active extension strategies. The submission deadline is October 30, 2026, at 3:00 PM EDT, with inquiries due by October 9, 2026. Proposals must be submitted electronically via Responsive's online investment RFP management platform.
EVALUATION CRITERIA
Background and General Information, Ownership structure, Short-term and long-term business strategy, Investment Team, Integrity, depth, experience, and stability of the responsible investment team, Investment Strategy, Well defined and consistent process, Performance and Portfolio Composition, Returns and tracking error on same or similar international equity mandates, Portfolio characteristics, Risk Management, Risk controls, resources, and oversight, Robustness of short selling implementation including financing/counterparty infrastructure and quantitative risk controls, Investment Vehicle & Fees, Competitive fee structure, Trading & Operations, Legal, Regulatory, & Compliance, Appropriate framework regarding use of non-financial factors, Reporting & Client Service, Experience with providing service to public plans
REQUIRED ATTACHMENTS
9- Transmittal letter
- Business proposal
- Fee proposal
- Form W-9
- Proof of authorized representation
- Corporate bylaws or board resolution
- Financial statements
- Statutory exception documentation under APRA
- Placement agent disclosure letter
- Submit to
- https://www.in.gov/inprs/files/rfp-documents/RFP26-06InternationalActiveExtensionPublicEquityManagement.docx
- Duration
- 120 months
- Scope location
- Indianapolis, IN
- Reported agency
- Indiana Public Retirement System
Questions about this RFP
How do I respond to this RFP from Indiana Public Retirement System | State of Indiana?
Review the full solicitation document for submission requirements, evaluation criteria, and deadlines. The submission deadline is October 30, 2026. Be sure to include all required attachments as outlined in the solicitation. Submissions should be delivered to: https://www.in.gov/inprs/files/rfp-documents/RFP26-06InternationalActiveExtensionPublicEquityManagement.docx.
Can small businesses or minority-owned firms bid on this RFP?
Most government agencies, including Indiana Public Retirement System | State of Indiana in IN, encourage participation from small businesses, minority-owned, women-owned, and disadvantaged business enterprises (MBE/WBE/DBE). Check the full solicitation for any small business participation goals.
What happens after the RFP submission deadline?
After the deadline, the issuing agency reviews all submissions against the stated evaluation criteria. This typically includes a compliance check, technical evaluation, cost analysis, and may involve oral presentations with shortlisted vendors.
Show 6 more questions
What are the evaluation criteria for this solicitation?
This solicitation includes specific evaluation criteria that will be used to score proposals. The criteria include: "Background and General Information, Ownership structure, Short-term and long-term business strategy, Investment Team, Integrity, depth, experience, and stability of the responsible investment team, In..." Vendors should carefully align their proposals with each criterion to maximize their score.
Where can I find more RFPs from Indiana Public Retirement System | State of Indiana?
All active and historical solicitations from Indiana Public Retirement System | State of Indiana are tracked and searchable. As a state agency, Indiana Public Retirement System | State of Indiana regularly publishes solicitations. Visit the agency profile to see current open bids, past contracts, vendor relationships, and decision-maker contacts.
What is the contract term for this solicitation?
The anticipated contract term is 5 years. Contract terms may include renewal options.
Is this solicitation still open for submissions?
Based on the posted deadline of October 30, 2026, this solicitation appears to still be accepting submissions. Deadlines may change through amendments or addenda, so always verify the current status directly with the issuing agency before preparing your response.
What documents are required to bid on this RFP?
Requirements vary by solicitation, but common documents include a technical proposal, cost/price proposal, proof of insurance, relevant certifications, past performance references, and any forms specified in the solicitation. This solicitation specifically requires the following attachments: Transmittal letter, business proposal, fee proposal, Form W-9, proof of authorized representation, corporate bylaws or board resolution, financial statements, statutory exception documentation under A. Review the full document from Indiana Public Retirement System | State of Indiana for the complete list.
What is the scope of this project?
This solicitation defines a specific project scope. The scope covers the following locations: Indianapolis, IN. Review the full solicitation for detailed scope requirements.