RFP: Private Equity Consulting Services Search
Posted
Nov 6, 2026
Dec 18, 2026
The Los Angeles County Employees Retirement Association (LACERA) is requesting proposals from qualified firms for private equity consulting services. Scope of Work The purpose of this RFP is to select a Private Equity Consultant to provide non-discretionary consulting services regarding LACERA’s private equity investments. For purposes of this RFP, “private equity” includes buyouts, growth equity, venture capital, special situations, and other private equity strategies. At a minimum, the Private Equity Consulting Services will include the following: Strategic Consulting * Recommend private equity portfolio policies, objectives, and strategies consistent with the Investment Policy Statement. * Independently assess private equity portfolio structure reviews. * Monitor the private equity portfolio, analyze performance, and report periodically. * Research and analyze private equity market trends, industry developments, and related topics, and deliver written advice. Sourcing and Due Diligence * Assist with sourcing and evaluating opportunities, recommend investments, and maintain an online private equity due diligence database. Meeting Attendance * Attend Board of Investments (BOI), annual off-site, committee, and other meetings as requested. Support for BOI, Staff, and General Consultant * Report to and independently advise the BOI. * Conduct educational workshops. * Collaborate with LACERA's general consultant and staff on ongoing advice and technical support to establish and refine portfolio asset allocation, investment goals and objectives, and investment office policies and procedures. Reporting and Fee Validation (Optional, if elected by LACERA) * Collect, validate, and reconcile private equity portfolio data used in periodic reporting. * Review management fees, carried interest, and fund expenses, and assist with annual fee and expense disclosures required under California Government Code § 7514.7. * Analyze fee structures and side letter economics as requested. Submission Requirements Submit your Intent to Respond (Attachment A) no later than 3:00 PM Pacific Time, on Friday, November 20, 2026, as well as your completed RFP proposal no later than 3:00 PM Pacific Time, on Friday, December 18, 2026 to: Didier Acevedo Senior Investment Officer LACERA privateequity@lacera.gov Also email one copy marked "REDACTED." The redacted copy should exclude all material from your proposal that you believe in good faith is exempt from disclosure under the California Public Records Act (Cal. Gov. Code §§ 7920 et seq.). See Section VI, Notice to Respondents Regarding the Public Records Act and Ralph M. Brown Act. Redactions should appear as blacked out material or blank page(s) with the word "REDACTED" or "PROPRIETARY" inserted. Questions Relating to This RFP Direct all questions, inquiries, and requests for additional information concerning this RFP no later than 3:00 PM Pacific Time, Friday, November 20, 2026, via email (privateequity@lacera.gov). All questions received and responses thereto will be posted on LACERA’s website under the "Business Opportunities" section by 3:00 PM Pacific Time, on Friday, December 4, 2026. Tentative Timetable LACERA RFP Issued: November 6, 2026 Submission — Intent to Respond (Attachment A): November 20, 2026 Submission — RFP Questions Deadline: November 20, 2026 LACERA Response to Written Questions: December 4, 2026 Submissions — RFP Response Deadline: December 18, 2026 Invitations to Interview as Warranted: Q1 2027 Final Selection and Approval: Q2 2027 RFP Materials The RFP references a set of RFP materials and attachments (Private Equity Consulting Services Search RFP; Attachment A - Intent to Respond; Attachment B - Total Fund Strategic Asset Allocation, Benchmarks and PE Portfolio; Attachment C - Minimum Qualification Certification; Attachment D - Private Equity Consultant Questionnaire; Attachment E - LACERA IT Security Questionnaire; Attachment F - Private Equity Investment Consulting Services Agreement; Attachment I - Supplemental Tables for Exhibits O-W).
