How to bid on Public Equity Investment Advisory Services for ERS of Texas

What the agency is buying

The Employees Retirement System of Texas (ERS) is seeking qualified investment advisors to provide public equity investment advisory services. ERS is looking for firms with existing public equity strategies. The estimated value of this opportunity is $60 million.

This is a Request for Qualifications (RFQ), which means ERS is first identifying qualified firms. Firms that pass an initial review may then be invited to submit a full proposal later.

Key dates and deadlines

The solicitation was published on July 29, 2026. Interested firms must submit their firm and strategy data through eVestment by August 11, 2026, at 6:00 PM ET. This is the initial deadline for expressing interest.

No other action is required at this stage unless ERS contacts your firm after the initial review. Firms that meet the initial review requirements will be invited to submit a full response at a later date.

Who this opportunity suits

This opportunity is suitable for investment advisory firms that specialize in public equity strategies. Firms must have existing strategies and be able to provide the level of services required by ERS. The work is for ERS in Texas.

The NIGP code for this solicitation is 946-56, which relates to professional services, specifically investment services.

How to respond

To signify interest in this opportunity, you must submit data on your firm and strategy to eVestment by the August 11, 2026 deadline. This is the only required action for the initial phase.

The full Request for Qualifications document is available as an attachment to the solicitation notice on the Texas Electronic State Business Daily (ESBD). You can view the posting and its documents publicly without needing an account.

Tips for a competitive response

Ensure your firm and strategy data in eVestment is current, accurate, and complete. Since the initial screening relies on this data, its quality is crucial for moving to the next stage.

Carefully review the ERS Investment Strategy Description (Appendix D) attached to the RFQ to understand the specific strategy ERS is seeking. Tailor your eVestment submission to highlight how your firm's existing strategies align with ERS's needs.

If invited to submit a full response, thoroughly address all minimum qualifications and requirements outlined in the RFQ. Pay close attention to the evaluation process described in Section E of the RFQ to understand how your firm will be assessed.