Massachusetts Pension Reserves Investment Management Board - Active Global Core Equity Investment Management Services - RFP 2026
Massachusetts Pension Reserves Investment Management Board | Commonwealth of MassachusettsState · Boston, MA- Due
- Oct 9, 2026
- Deadline passed
- Posted
- Sep 8, 2026
- Primary contact
- Andre Abouhala
- (617) 946-8401
The 30-second brief
The Massachusetts Pension Reserves Investment Management Board (PRIM) is seeking proposals from qualified investment managers to provide active global core equity investment management services for the PRIT Fund. The mandate seeks long-only global equity strategies investing across developed and emerging markets, benchmarked to the MSCI All Country World Investable Market Index (MSCI ACWI IMI) with a core or blend style orientation and all-cap capitalization focus. Strategies must be managed via a separately managed account (SMA) structure with a firm AUM of at least $5 billion. Proposals are due by October 9, 2026, at 3:00 p.m. ET, with a question deadline of September 25, 2026. Evaluation criteria include organizational stability, team experience, investment philosophy and process, historical track record relative to MSCI ACWI IMI, research capabilities, portfolio construction, capacity, operational infrastructure, references, and fee competitiveness.
Organizational stability, ownership structure, and experience of the firm; Experience, stability, depth, and continuity of the team; Clarity, consistency, and repeatability of investment philosophy and process; Historical track record and performance relative to MSCI ACWI IMI; Breadth and depth of research capabilities; Portfolio construction and risk management; Capacity to manage the proposed mandate in an SMA; Operational infrastructure; Quality and relevance of client references; Competitiveness of proposed fees
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Summary
The Massachusetts Pension Reserves Investment Management Board (PRIM) is seeking proposals from qualified investment managers to provide active global core equity investment management services for the PRIT Fund.
The mandate seeks long-only global equity strategies investing across developed and emerging markets, benchmarked to the MSCI All Country World Investable Market Index (MSCI ACWI IMI) with a core or blend style orientation and all-cap capitalization focus. Strategies must be managed via a separately managed account (SMA) structure with a firm AUM of at least $5 billion. Proposals are due by October 9, 2026, at 3:00 p.m. ET, with a question deadline of September 25, 2026. Evaluation criteria include organizational stability, team experience, investment philosophy and process, historical track record relative to MSCI ACWI IMI, research capabilities, portfolio construction, capacity, operational infrastructure, references, and fee competitiveness.
EVALUATION CRITERIA
10- Organizational stability, ownership structure, and experience of the firm
- Experience, stability, depth, and continuity of the team
- Clarity, consistency, and repeatability of investment philosophy and process
- Historical track record and performance relative to MSCI ACWI IMI
- Breadth and depth of research capabilities
- Portfolio construction and risk management
- Capacity to manage the proposed mandate in an SMA
- Operational infrastructure
- Quality and relevance of client references
- Competitiveness of proposed fees
REQUIRED ATTACHMENTS
9- Cover Letter
- Responses to Minimum Qualifications
- Responses to Questions
- Representations and Warranties
- Disclosure Statement
- Fee Proposal
- Portfolio Data Request Workbook
- Form ADV
- GIPS Composite Report
- Submit to
- [email protected]
- Scope location
- Boston, Massachusetts
- Reported agency
- Massachusetts Pension Reserves Investment Management Board
Questions about this RFP
How do I respond to this RFP from Massachusetts Pension Reserves Investment Management Board | Commonwealth of Massachusetts?
Review the full solicitation document for submission requirements, evaluation criteria, and deadlines. The submission deadline is October 9, 2026. Be sure to include all required attachments as outlined in the solicitation. Submissions should be delivered to: [email protected]. For questions, contact Andre Abouhala.
Can small businesses or minority-owned firms bid on this RFP?
Most government agencies, including Massachusetts Pension Reserves Investment Management Board | Commonwealth of Massachusetts in MA, 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.
Can I ask questions about this solicitation before submitting?
Yes, most solicitations allow vendors to submit questions during a designated period. The primary contact is Andre Abouhala at (617) 946-8401. Questions and answers are typically shared with all prospective bidders.
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What are the evaluation criteria for this solicitation?
This solicitation includes specific evaluation criteria that will be used to score proposals. The criteria include: "Organizational stability, ownership structure, and experience of the firm; Experience, stability, depth, and continuity of the team; Clarity, consistency, and repeatability of investment philosophy an..." Vendors should carefully align their proposals with each criterion to maximize their score.
Where can I find more RFPs from Massachusetts Pension Reserves Investment Management Board | Commonwealth of Massachusetts?
All active and historical solicitations from Massachusetts Pension Reserves Investment Management Board | Commonwealth of Massachusetts are tracked and searchable. As a state agency, Massachusetts Pension Reserves Investment Management Board | Commonwealth of Massachusetts regularly publishes solicitations. Visit the agency profile to see current open bids, past contracts, vendor relationships, and decision-maker contacts.
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: Cover Letter, Responses to Minimum Qualifications, Responses to Questions, Representations and Warranties, Disclosure Statement, Fee Proposal, Portfolio Data Request Workbook, Form ADV, GIPS Composite. Review the full document from Massachusetts Pension Reserves Investment Management Board | Commonwealth of Massachusetts for the complete list.
What is the scope of this project?
This solicitation defines a specific project scope. The scope covers the following locations: Boston, Massachusetts. Review the full solicitation for detailed scope requirements.