General Investment Consultant

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 .