The Mendocino County Employees' Retirement Association (MCERA) has issued a request for proposals for investment consulting services. The pension fund is seeking a consultant to provide independent investment advice to its board and staff across its broad portfolio including public equities, fixed income, private real estate, and private infrastructure.

MCERA wants to select a single consulting firm that will report directly to the board and collaborate closely with both board members and staff. The role encompasses investment manager search and selection, policy review, asset and liability studies, performance evaluation, and client education. The firm must have experience with public and private pension plans.

The selected consultant must manage a minimum of $15 billion in client assets and have at least five years of investment consulting experience, with the last three years at their current firm. They must also serve at least three public pension fund clients, including one with over $3 billion in assets. Proposals are due by 5pm Pacific Time on April 20, 2026.