Key Takeaways
- • Kern County Employees' Retirement Association is seeking a private markets consultant through a request for proposal (RFP), according to Financial Investment News (FIN).
- • The pension will extend its incumbent private markets consultant's contract for one year, through January 2028.
- • The RFP process signals a review of private markets advisory arrangements at a California public pension, relevant to consultants and managers seeking mandates.
Summary
Kern County's retirement association has issued a request for proposal for private markets consulting services, according to Financial Investment News (FIN). The story, published in the November 2026 timeframe, is brief and the primary source provides limited detail beyond the RFP announcement itself.
Alongside the solicitation, the retirement association will extend the contract of its incumbent consultant by one year, through January 2028. The extension gives the board additional time to complete the search without an immediate transition of advisory responsibilities.
For institutional investors and consultants, the RFP is a signal that the pension is evaluating its private markets advisory structure, which typically covers private equity, private credit, real estate and infrastructure allocations. Specific scope, fee terms, evaluation timelines and selection criteria were not detailed in the source material.
Alongside the solicitation, the retirement association will extend the contract of its incumbent consultant by one year, through January 2028. The extension gives the board additional time to complete the search without an immediate transition of advisory responsibilities.
For institutional investors and consultants, the RFP is a signal that the pension is evaluating its private markets advisory structure, which typically covers private equity, private credit, real estate and infrastructure allocations. Specific scope, fee terms, evaluation timelines and selection criteria were not detailed in the source material.
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