Request for Proposals

Diversified Core Infrastructure Equity Fund Search

The Illinois Municipal Retirement Fund ("IMRF") is requesting proposals from open-ended diversified core and core plus infrastructure equity funds. Only open-ended vehicles will be considered. Closed-end funds, Fund-of-funds or Funds submitted by a Placement Agent will not be considered. IMRF intends to allocate at least $200 million to core and/or core plus infrastructure equity funds. Multiple managers will be considered.

Proposals must be received no later than end of day on Monday, February 9, 2026. All proposals shall become the property of IMRF.

The Quiet Period for this RFP begins January 14, 2026. The Quiet Period for this process is the period of time beginning when the RFP is issued and ends when the investment manager is selected by the IMRF Board of Trustees, or the process is declared to be complete. The requirements of the Quiet Period are in Section 1.4 of the RFP. Respondents shall not contact IMRF Board members during the Quiet Period. A respondent will be disqualified for violating the Quiet Period.

Please click here to access the RFP. The RFP will also be posted at https://www.callan.com.

All questions must be directed to [email protected].