Financial Services NEPC Questions and Responses - RFP for Investment Services

Agency:	State of Oklahoma - Commissioners of the Land Office
State:	Oklahoma
Type of Government:	State & Local
NAICS Category:	523930 - Investment Advice 541611 - Administrative Management and General Management Consulting Services 541990 - All Other Professional, Scientific, and Technical Services
Posted Date:	Feb 21, 2026
Due Date:	Feb 27, 2026
Original Source:	Please Login to View Page
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Bid Documents:	Please Login to View Page

Description

Financial Services

NEPC Questions and Responses - RFP for Investment Services

NEPC’S QUESTIONS FOR CLO

1. What are the annual fees for the existing contract that the OK CLO is paying to its current

consultant?

Response: For CLO’s fiscal year 2026 consultant fees will be approximately $350,000.

2. In your review process, what investment consulting firm characteristics will you be

emphasizing?

Response: Consistent with the CLO Investment Plan, the review process will emphasize a firm’s

ability to provide objective advice; demonstrate expertise across both marketable and private

investments; support asset allocation analysis, manager selection, and ongoing monitoring;

maintain strong reporting and benchmarking capabilities; and operate within the statutory,

constitutional, and governance framework applicable to CLO. Experience with public fiduciary

clients and disciplined cost oversight will also be important considerations.

3. Are there any particular philosophical preferences among the Investment Committee (e.g.,

regarding asset allocation; use of alternative assets; direct vs. fund-of-funds; active vs. passive

management; etc.)?

Response: The CLO Investment Committee operates within the framework established by

Oklahoma State Law and Constitution and the CLO Investment Plan (which can be amended),

which sets asset allocation ranges, risk parameters, liquidity requirements, and fee constraints;

decisions regarding asset allocation, use of alternatives, implementation structure, and active

versus passive management are guided by the CLO Investment Plan’s objectives of providing

sustainable income to beneficiaries while preserving and prudently growing the corpus over

time, rather than by a predetermined policy-based/strategic preference.

FEBRUARY 2026 | 1

This page summarizes the opportunity, including an overview and a preview of the attached documents.

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