State Universities Retirement System - Public Equity Strategies Emerging Managers RFP 20-26-05
Illinois State Universities Retirement System | State of IllinoisState · Champaign, IL- Due
- Mar 10, 2026
- Deadline passed
- Posted
- Jan 27, 2026
The 30-second brief
The State Universities Retirement System (SURS) is requesting proposals from qualified emerging managers with assets under management (AUM) under $10 billion to provide diversified public equity strategies. SURS will consider sub-asset classes including Global Small Cap, Global Growth, Emerging Markets, and ACWI Ex-US Core. Direct allocations will range from 3 to 5 mandates with dollar amounts ranging from $50 million to $100 million, not to exceed $250 million in total. Proposals are due by March 10, 2026, at 4:30 p.m. CT via email to [email protected].
Organization, Resources, Experience, Investment Team, Commitment to Diversity, Investment Process, Performance, Fees, Level of detail provided in the RFP response, Fit of strategy within SURS' overall portfolio
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Summary
The State Universities Retirement System (SURS) is requesting proposals from qualified emerging managers with assets under management (AUM) under $10 billion to provide diversified public equity strategies.
SURS will consider sub-asset classes including Global Small Cap, Global Growth, Emerging Markets, and ACWI Ex-US Core. Direct allocations will range from 3 to 5 mandates with dollar amounts ranging from $50 million to $100 million, not to exceed $250 million in total. Proposals are due by March 10, 2026, at 4:30 p.m. CT via email to [email protected].
EVALUATION CRITERIA
10- Organization
- Resources
- Experience
- Investment Team
- Commitment to Diversity
- Investment Process
- Performance
- Fees
- Level of detail provided in the RFP response
- Fit of strategy within SURS' overall portfolio
REQUIRED ATTACHMENTS
11- Indexed Table of Contents
- Cover Letter
- Statement of Minimum Qualifications
- Minimum Qualifications Certification
- Form ADV
- Appendix B SURS Diversity Disclosure
- Appendix C Questionnaire
- Appendix E Sustainability Disclosure
- Appendix F Employee Diversity Conduct and Initiatives Questionnaire
- Insurance certificates
- Registration with the Illinois State Board of Elections
- Submit to
- [email protected]
- Scope location
- Champaign, Illinois
- Reported agency
- State Universities Retirement System
Questions about this RFP
How do I respond to this RFP from Illinois State Universities Retirement System | State of Illinois?
Review the full solicitation document for submission requirements, evaluation criteria, and deadlines. The submission deadline is March 10, 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 Illinois State Universities Retirement System | State of Illinois in IL, 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: "Organization, Resources, Experience, Investment Team, Commitment to Diversity, Investment Process, Performance, Fees, Level of detail provided in the RFP response, Fit of strategy within SURS' overall..." Vendors should carefully align their proposals with each criterion to maximize their score.
Where can I find more RFPs from Illinois State Universities Retirement System | State of Illinois?
All active and historical solicitations from Illinois State Universities Retirement System | State of Illinois are tracked and searchable. As a state agency, Illinois State Universities Retirement System | State of Illinois 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: Indexed Table of Contents, Cover Letter, Statement of Minimum Qualifications, Minimum Qualifications Certification, Form ADV, Appendix B SURS Diversity Disclosure, Appendix C Questionnaire, Appendix E. Review the full document from Illinois State Universities Retirement System | State of Illinois for the complete list.
What is the scope of this project?
This solicitation defines a specific project scope. The scope covers the following locations: Champaign, Illinois. Review the full solicitation for detailed scope requirements.