How to bid on CTF Active Global Equity Managers for Washington State (WEBS)

What Washington State is buying and why it matters

The Washington State Investment Board (WSIB) is looking for firms to actively manage global equity portfolios for its Commingled Trust Fund (CTF). This is an opportunity for investment management firms to secure a role in managing significant state assets.

The solicitation is open-ended, meaning the WSIB will continuously review and evaluate potential firms. This offers an ongoing chance for qualified vendors to be considered.

Key dates and what happens at the deadline

This solicitation has a listed deadline of December 31, 2027, at 8:00 PM ET. However, the WSIB states that this search will remain open until the WSIB staff and Board decide otherwise. This indicates a continuous review process rather than a strict one-time submission cutoff.

Firms will be reviewed continuously, so early submission is advisable. All pertinent documents, including future FAQs and notices, will be posted on the WSIB website.

Who this opportunity suits

This opportunity is suitable for investment management firms specializing in active global equity portfolio management. Firms with a strong track record and expertise in this specific area of technology and finance will be well-suited.

The WSIB is seeking professional services in the financial sector, specifically for managing large-scale investment funds.

How to respond

To access the solicitation, you need to go to the Washington State WEBS Bid Calendar. You can find this bid by its reference number, OP 1, using the search function on the calendar.

While viewing the solicitation is public, downloading the full documents and submitting your response requires a free WEBS vendor sign-in. You must register and submit your response through the WEBS portal before the stated close date.

Tips for preparing a competitive response

Given the continuous review process, ensure your submission is thorough and clearly highlights your firm's experience and success in managing global equity portfolios. Provide specific examples and performance data.

Pay close attention to any documents or FAQs posted on the WSIB website, as these will provide further insight into their specific requirements and evaluation criteria. Tailor your response to address these points directly.

Since this is an open procurement, consider submitting your best and final offer from the outset, as the WSIB will be continuously evaluating firms.