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Active U.S. Bank Loan Mandate Search (RFP)

RFP Documents:
Search Document (Word Format)
Exhibit 2 - Questionnaire (Word Document)
Exhibit 3 - General Conditions (PDF Format)
Exhibit 4 - Sample Contract (PDF Format)

November 6, 2013

To All Interested Parties:

The Los Angeles City Employees’ Retirement System (LACERS) administers an investment portfolio with approximately $13.0 billion in assets is seeking one or more qualified investment management firms to actively manage a total of approximately $65 million in a long-only, U.S. bank loan investment strategy focused on broadly syndicated loans. The proposed strategy must currently be benchmarked against one of the two following indices:  Credit Suisse Leveraged Loan Index and S&P/LTSA Leveraged Loan Index.

Emerging Managers (as defined by LACERS Emerging Investment Manager Policy) are encouraged to participate in this manager search, subject to LACERS investment policies (includes the LACERS Emerging Investment Manager Policy) and any provisions specifically stated in the search document that pertain only to Emerging Managers.

The search document, which details the minimum qualifications each respondent must meet in order to be considered, as well as the required City forms, will be available on Lacers website: lacers.org and at LACERS General Fund Consultant, Wilshire Associates:  http://www.wilshire.com/investment-consulting/manager-research/manager-search

Questions and Answers Posted 12/4/13 NEW

Proposal Submittal Deadline:

The deadline for submitting proposals: 5:00 P.M (PST) on Friday, December 13, 2013.

Additional schedule information:
Written Questions Submission by email: November 20, 2013; 5:00 P.M. PST
Response to Written Questions posted on Wilshire's website: December 4,  2013

Submittals received after the deadline will NOT be considered.
Finalist candidates may be requested to submit additional copies of their proposal.

Should you have any questions regarding the search parameters, please email them to mgrsearch.neill@wilshire.com, with the name of your firm along with the phrase ‘Active U.S. Bank Loan MANDATE Search’ appearing in the subject line, prior to 5:00 P.M., Pacific Standard Time, on Wednesday, November 20, 2013.

We invite and look forward to your participation in this search.


Thomas Moutes
General Manager