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State of New Jersey Department of the Treasury Division of Investment - Real Assets Investment Consulting Services RFP 2026

State Investment Council | State of New Jersey logoState Investment Council | State of New Jersey
Due
Mar 6, 2026
Deadline passed
Posted
Dec 29, 2025
Contract term
3 years

The 30-second brief

What they're buying

The State of New Jersey Department of the Treasury, Division of Investment (DOI) is soliciting proposals from qualified firms to provide real assets (ex-real estate) investment consulting services for DOI's portfolio. The scope encompasses infrastructure, energy transition, renewables, natural resources, and other authorized real assets, involving policy review, asset allocation, portfolio construction, manager sourcing, due diligence, negotiation, portfolio monitoring, training, and client services. DOI invests the assets of seven state pension funds with directly managed portfolio assets totaling approximately $76.5 billion. Proposals are due by March 6, 2026, at 2:00 PM Eastern Time, with a question deadline of January 30, 2026. The contract base term is three years with up to two optional one-year extensions.

How it's scored

The firm’s approach and plans to perform the services required by the Scope of Services, The firm’s documented experience in successfully completing contracts of similar size and scope, The qualifications and experience of the firm’s personnel assigned to the engagement, The overall ability of the firm to mobilize, undertake and successfully complete the contract

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Summary

The State of New Jersey Department of the Treasury, Division of Investment (DOI) is soliciting proposals from qualified firms to provide real assets (ex-real estate) investment consulting services for DOI's portfolio.

The scope encompasses infrastructure, energy transition, renewables, natural resources, and other authorized real assets, involving policy review, asset allocation, portfolio construction, manager sourcing, due diligence, negotiation, portfolio monitoring, training, and client services. DOI invests the assets of seven state pension funds with directly managed portfolio assets totaling approximately $76.5 billion. Proposals are due by March 6, 2026, at 2:00 PM Eastern Time, with a question deadline of January 30, 2026. The contract base term is three years with up to two optional one-year extensions.

EVALUATION CRITERIA

The firm’s approach and plans to perform the services required by the Scope of Services, The firm’s documented experience in successfully completing contracts of similar size and scope, The qualifications and experience of the firm’s personnel assigned to the engagement, The overall ability of the firm to mobilize, undertake and successfully complete the contract

REQUIRED ATTACHMENTS

Cover Letter, Ownership Disclosure Form, Disclosure of Investment Activities in Iran Form, Disclosure of Investigations and Other Actions Involving the Vendor Form, MacBride Principles Form, Source Disclosure Form, Confidentiality/Commitment to Defend Form, Subcontractor Utilization Plan, Two-Year Chapter 51/Executive Order 333 Vendor Certification and Disclosure of Political Contributions, Affirmative Action Employee Information Report or Federal Letter of Approval, Business Registration Certificate, Certificate of Non-Involvement in Prohibited Activities in Russia or Belarus, State Price Sheet, Financial Statements

Duration
60 months
Scope location
Trenton, NJ
Reported agency
State of New Jersey

Questions about this RFP

How do I respond to this RFP from State Investment Council | State of New Jersey?

Review the full solicitation document for submission requirements, evaluation criteria, and deadlines. The submission deadline is March 6, 2026. Be sure to include all required attachments as outlined in the solicitation. Submissions should be delivered to: [email protected].

Can small businesses or minority-owned firms bid on this RFP?

Most government agencies, including State Investment Council | State of New Jersey in NJ, 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.

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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: "The firm’s approach and plans to perform the services required by the Scope of Services, The firm’s documented experience in successfully completing contracts of similar size and scope, The qualificat..." Vendors should carefully align their proposals with each criterion to maximize their score.

Where can I find more RFPs from State Investment Council | State of New Jersey?

All active and historical solicitations from State Investment Council | State of New Jersey are tracked and searchable. As a state agency, State Investment Council | State of New Jersey 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 3 years. Contract terms may include renewal options.

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, Ownership Disclosure Form, Disclosure of Investment Activities in Iran Form, Disclosure of Investigations and Other Actions Involving the Vendor Form, MacBride Principles Form, Source Di. Review the full document from State Investment Council | State of New Jersey for the complete list.

What is the scope of this project?

This solicitation defines a specific project scope. The scope covers the following locations: Trenton, NJ. Review the full solicitation for detailed scope requirements.

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