Investment Consulting Services: Illiquid Credit & Public Markets Projects

The Arizona State Retirement System (ASRS) Master Agreement CTR057207 is an Indefinite Delivery Vehicle (IDV) focused on investment consulting services for Illiquid Credit, Public Markets Projects, and Private Equity Investment Consulting. The contract enables ASRS to procure specialized investment advisory services with flexible pricing structures, including hourly rates ranging from $275 to $700 per hour and project-based fees between $40,000 to $75,000 depending on project complexity and scope. Services cover critical investment domains such as fund due diligence, co-investment analysis, and strategic consulting across alternative investment markets.

The master agreement is awarded to Mercer Investments LLC, a subsidiary of Marsh & McLennan Companies, with an initial contract period from September 8, 2021, and subsequent annual renewals through September 7, 2026. The contract type is a Master Agreement specifically for the State of Arizona, with a comprehensive set of insurance requirements and specific provisions addressing technology usage, compliance, and ethical considerations. The contract includes an annual fixed retainer for Private Equity Investment Consulting Services starting at $650,000 in Year 1 and escalating to $750,000 by Year 5, providing a structured approach to ongoing investment advisory support for the Arizona State Retirement System.