Alaska Permanent Fund issues RFP for new real estate consultant

The $65bn US sovereign wealth fund seeks a consultant for its underweight RE portfolio.

The Alaska Permanent Fund seeks a real estate consultant for the first time in its 42-year history, according to a request for proposals (RFP) issued on Monday.

The US sovereign wealth fund, which manages assets of $65 billion originating from the state’s mineral and energy royalties, intends for the new real estate consultant to “complement advisers of individual assets” in regards to investment underwriting, data management and third party appraisals.

The new consultant may bolster the fund’s underweight allocation to private real estate, as the fund has a target allocation to real estate of 11% that currently stands only at 6.4%.

The deadline for responses to the RFP is 4 PM Alaskan time on 5 March.

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