Active SLED Opportunity · CALIFORNIA · COUNTY OF SACRAMENTO
AI Summary
Sacramento County Employees’ Retirement System seeks a fiduciary general investment consultant to assist with portfolio monitoring and evolution. The consultant will work closely with staff and the Board to manage $15.7 billion in assets. Proposals due by May 12, 2026.
The Sacramento County Employees’ Retirement System (SCERS) is issuing this request for proposals (RFP) to conduct a search for a full-service, retainer-based, non-discretionary, general investment consultant to assist in the continuing evolution and ongoing monitoring of SCERS’ total portfolio. The general investment consultant will act as a fiduciary to SCERS and work closely with SCERS’ Staff, Board, and alternative assets and real estate investment consultants.
SCERS is a multiple-employer public employee retirement system, enacted and administered in accordance with the provisions of the County Employees Retirement Law of 1937. Since its creation by the Sacramento County Board of Supervisors in 1941, SCERS has provided retirement, disability, and survivors’ benefits to eligible participants of the System.
Under Article XVI, Section 17 of the Constitution of the State of California, the SCERS Board of Retirement is vested with plenary authority and fiduciary responsibility for the investment of monies and the administration of the System. With assistance from qualified professionals in the pension industry, the Board adopts regulations, policies, and procedures that are relevant to SCERS, to benefit the members. SCERS’ investment staff assists the Board in overseeing the investment function within SCERS, including the development and implementation of Board-approved investment policies and the oversight of investment managers and investment consultants. The day-to-day administration of SCERS is delegated to the chief executive officer and a full-time staff of approximately 75 employees.
SCERS’ assets are carefully managed through a diversified long-term investment program, overseen by the Board of Retirement per SCERS’ Master Investment Policy Statement. This policy establishes SCERS’ investment objectives and defines the principal duties of the Board, SCERS’ investment team, investment consultants, and investment managers. Investment decisions are made in the sole interest and for the exclusive purpose of providing benefits, minimizing employer contributions, and funding reasonable expenses for administering the system.
SCERS’ current net plan assets total approximately $15.7 billion as of December 31, 2025. Please refer to SCERS’ Investment webpage for more information at scers.gov/investments-financials.
(California Public Contract Code, sections 2202-2208)
When responding to a bid or proposal or executing a contract or renewal for a County of Sacramento contract for goods or services of $1,000,000 or more, a vendor must either:
A. certify it is not on the current list of persons engaged in investment activities in Iran created by the California Department of General Services (“DGS”) pursuant to Public Contract Code section 2203(b) and is not a financial institution extending twenty million dollars ($20,000,000) or more in credit to another person, for 45 days or more, if that other person will use the credit to provide goods or services in the energy sector in Iran and is identified on the current list of persons engaged in investment activities in Iran created by DGS; or
B. demonstrate it has been exempted from the certification requirement for that solicitation or contract pursuant to Public Contract Code section 2203(c) or (d).
To comply with this requirement, please select one of the options below. Please note: California law establishes penalties for providing false certifications, including civil penalties equal to the greater of $250,000 or twice the amount of the contract for which the false certification was made; contract termination; and three-year ineligibility to bid on contracts. (Public Contract Code section 2205.)
OPTION #1 - CERTIFICATION
I certify I am duly authorized to execute this certification on behalf of the vendor/financial institution, and the vendor/financial institution is not on the current list of persons engaged in investment activities in Iran created by DGS and is not a financial institution extending twenty millon dollars ($20,000,000) or more in credit to another person/vendor, for 45 days or more, if that other person/vendor will use the credit to provide goods or services in the energy sector in Iran and is identified on the current list of persons engaged in investment activities in Iran created by DGS.
OPTION #2 - EXEMPTION
Pursuant to Public Contract Code sections 2203(c) and (d), a public entity may permit a vendor/financial institution engaged in investment activities in Iran, on a case-by-case basis, to be eligible for, or to bid on, submit a proposal for, or enters into or renews, a contract for goods and services. If you have obtained an exemption from the certification requirement under the Iran Contracting Act, please select "EXEMPTION" below, and attach documentation demonstrating the exemption approval with your electronic submission.
Provide your SAM.gov Unique Entity ID (UEI). If your firm does not have a UEI, go to: https://sam.gov/content/entity-registration to obtain one.
Would you like to have bidders respond to an electronic pricing table?
Choose this if:
If "yes" proposers will be required to complete the Iran Contracting Act Certification.
SLED stands for State, Local, and Education. These are solicitations issued by state governments, counties, cities, school districts, utilities, and higher education institutions — as opposed to federal agencies.
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