Key Takeaways
- • Dakota tracked nine new public pension manager searches in August 2025 totaling $260M, spanning international and US equities, private equity, liquid alternatives, and US fixed income.
- • The Chicago Policemen's Annuity & Benefit Fund issued three private equity RFPs totaling $100M across buyout ($35M), growth ($35M), and venture ($30M) mandates, all with a September 29 deadline and NEPC as consultant.
- • The Firefighters' Retirement System of Louisiana launched a $60M SMID cap equity search with an October 3 deadline, consultant NEPC.
- • The Concord (MA) Retirement System issued a $55M core fixed income mandate (September 23 deadline, Fiducient Advisors) and a $15M core developed international equity search (September 24 deadline).
- • The Chicago Teachers' Pension Fund issued a $30M MWDBE private equity mandate with a September 22 deadline, consultant Callan.
Summary
Dakota, a manager-search tracking platform, recorded nine new searches from public pensions in August 2025, totaling $260M. The mandates span international and US equities, private equity, liquid alternatives, and US fixed income, according to the publisher's monthly roundup of Requests for Proposals.
The largest private equity activity came from the Chicago Policemen's Annuity & Benefit Fund, which issued three RFPs through consultant NEPC: $35M for buyout, $35M for growth, and $30M for venture, each with a September 29 deadline. Together these represent $100M of new private equity commitments sought by a single plan.
The Firefighters' Retirement System of Louisiana issued a $60M SMID cap equity search, with NEPC as consultant and an October 3 deadline. The Concord (MA) Retirement System, advised by Fiducient Advisors, sought a $55M core fixed income mandate due September 23 and a $15M core developed international equity mandate due September 24.
The Chicago Teachers' Pension Fund issued a $30M MWDBE private equity mandate through Callan, with a September 22 deadline. The State Universities Retirement System of Illinois launched an alternative risk premia strategies search with a September 8 deadline, and the West Springfield (MA) Retirement System issued a balanced portfolio search with an October 23 deadline. Dollar amounts were not disclosed for the last two.
The largest private equity activity came from the Chicago Policemen's Annuity & Benefit Fund, which issued three RFPs through consultant NEPC: $35M for buyout, $35M for growth, and $30M for venture, each with a September 29 deadline. Together these represent $100M of new private equity commitments sought by a single plan.
The Firefighters' Retirement System of Louisiana issued a $60M SMID cap equity search, with NEPC as consultant and an October 3 deadline. The Concord (MA) Retirement System, advised by Fiducient Advisors, sought a $55M core fixed income mandate due September 23 and a $15M core developed international equity mandate due September 24.
The Chicago Teachers' Pension Fund issued a $30M MWDBE private equity mandate through Callan, with a September 22 deadline. The State Universities Retirement System of Illinois launched an alternative risk premia strategies search with a September 8 deadline, and the West Springfield (MA) Retirement System issued a balanced portfolio search with an October 23 deadline. Dollar amounts were not disclosed for the last two.
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