Key Takeaways
- • The Oklahoma Tobacco Settlement Endowment Trust (OTSET) has issued a request for proposal (RFP) to hire a new investment manager for global private equity fund investments.
- • The mandate covers investment services tied to global private equity funds, making it a direct allocation opportunity for private equity managers and consultants.
- • The RFP was reported by PEI on March 30, 2026, as part of its "Investor Intentions" coverage of institutional investor activity.
Summary
The Oklahoma Tobacco Settlement Endowment Trust has issued a request for proposal to select a new investment manager to provide services related to global private equity funds, according to a report by PEI Private Equity published March 30, 2026. The item appeared in the publication's "Investor Intentions" feature, which tracks institutional allocator searches and mandates.
The trust's move to seek a new manager signals an active search for external expertise in global private equity. Institutional allocators of this type typically use RFPs to evaluate managers on factors such as track record, fee structure, team resources, and fit with the portfolio's return and liquidity objectives. The primary source does not specify the size of the mandate, the target allocation, or the submission deadline, and those details should be confirmed directly with the trust's RFP documentation.
For private equity managers and placement agents, the RFP represents a potential mandate opportunity in an institutional portfolio funded by tobacco settlement proceeds. Market participants tracking allocator activity should monitor the trust's subsequent selection process for information on the shortlisted managers and the final award.
The trust's move to seek a new manager signals an active search for external expertise in global private equity. Institutional allocators of this type typically use RFPs to evaluate managers on factors such as track record, fee structure, team resources, and fit with the portfolio's return and liquidity objectives. The primary source does not specify the size of the mandate, the target allocation, or the submission deadline, and those details should be confirmed directly with the trust's RFP documentation.
For private equity managers and placement agents, the RFP represents a potential mandate opportunity in an institutional portfolio funded by tobacco settlement proceeds. Market participants tracking allocator activity should monitor the trust's subsequent selection process for information on the shortlisted managers and the final award.
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