Specifications include, but are not limited to: The Office of the State Treasurer (“Treasury”) on behalf of the Oregon Investment Council (“OIC”), is issuing this Request for Proposals (“RFP”) for Private Equity Consultant Services; In this RFP, Treasury is seeking to understand the capabilities of firms providing institutional private equity consulting services with the goal of hiring one such firm to provide expert advice on policies, strategies, diligence, and monitoring at all phases of the investment, as well as to deliver performance reviews and risk information to assist the OIC in monitoring its private equity portfolio. Treasury and the OIC seek responses from firms or individuals with the capacity to provide creative, non-conflicted private equity consulting services. Proposers should have: (i) demonstrable “hands-on” private equity expertise; (ii) experience reporting to a public pension fund board managing a portfolio of similar size; and (iii) available senior staff resources to assist the OIC and Treasury staff in performing due-diligence, structuring, negotiating, monitoring, and implementing individual transactions and programs with domestic and international private equity managers. Attend Private Equity Committee telephonically or in person, and OIC meetings in person. Assist in the development of private equity investment policies, investment objectives, investment guidelines, investment procedures and portfolio strategy. Research private equity market trends and capital market trends and provide results or summaries to Treasury upon request. Identify, analyze and report on new investment trends. Review and consider investment proposals and transactions from potential and existing investment managers. Conduct manager due diligence for prospective new relationships. Provide written recommendations (including a summary of due diligence findings, investments merits and risks, portfolio fit, etc.) to Treasury on every private equity investment proposal presented to the Private Equity Committee or OIC. Assist with the negotiation of partnership terms and legal documents, as requested. Assist with the modeling of distribution waterfalls and incentive compensation arrangements. Provide quarterly monitoring, performance review and written reporting to Treasury, of the private equity portfolio and underlying private equity funds.
