2025-04-14_3rd_Party_Investment_Providers.xlsx

The document is an Excel spreadsheet titled "2025-04-14_3rd_Party_Investment_Providers.xlsx" listing third-party investment providers for the State of Tennessee Treasury Department's investment master custody and related services procurement. The State is seeking comprehensive financial services for multiple investment programs, including the Tennessee Consolidated Retirement System and various endowment and trust funds. The RFP requires respondents to have at least five years of master custody experience with three U.S.-based pension fund clients managing over $1 billion in international marketable securities. The technical response and cost proposal are due by May 8, 2025, with oral presentations for finalists scheduled for June 2-3, 2025, and an anticipated contract award by June 11, 2025. The contract will have a 65-month term beginning July 1, 2025.

The procurement involves a sophisticated financial services contract with specific requirements, including a minimum of $5 trillion in tax-exempt master custody assets and a dedicated team of at least two full-time staff for the State's account. Pricing will be structured as a flat monthly rate for core services, with optional services billed at an hourly rate. The evaluation will use a points-based system across four categories: general qualifications (10 points), technical qualifications (50 points), oral presentations (10 points), and cost proposal (30 points). While no specific set-aside designations for disadvantaged enterprises are mentioned, the RFP covers an extensive range of services including client relationship management, global master custody, trade processing, securities litigation, portfolio accounting, performance reporting, corporate actions, cash investment, and daily portfolio valuation.