Total Trust Risk Platform with Managed Services Solution

The Teacher Retirement System of Texas (TRS) is issuing a Request for Proposals (RFP) to solicit qualified vendors to provide a Total Trust Risk Platform with Managed Services Solution. The purpose of this procurement is for TRS to select a vendor to provide a risk management platform and associated services to monitor and manage the total trust risk of TRS's investment portfolio. The scope of work includes providing an application for portfolio risk analysis, data and risk models, and managed services for daily processing, reporting, and support. Respondents must meet minimum requirements such as having at least 50 risk management clients, over $500 billion in total unique client assets under management, and at least 5 years of relevant experience. The RFP involves the state of Texas and the local jurisdictions of Travis County and multiple cities within Austin. The proposal submission deadline is November 3, 2023, at 3:00 p.m. Central Time.

The RFP does not provide details on pricing terms, set-asides, or incumbent vendors. The contract value is also not specified. However, the solicitation indicates the contract will have an initial term of 1 year with three 1-year optional renewal terms. Respondents will be required to complete a Historically Underutilized Business (HUB) Subcontracting Plan as part of their proposal submission.