Overview


Financial, Legal, HR & Staffing
Richmond, Virginia, United StatesPosted about 1 month agoDeadline: April 7th, 2026

Fit Score


Settle Intelligence

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SUMMARY


The Richmond, Virginia government seeks an investment services firm to advise, manage, and support oversight of their Fund on an ongoing basis.

KEY REQUIREMENTS


BUDGET

Estimate

$800,000 – $4,200,000

TIMELINE


Issue Date: March 25th, 2026

Inquiry Deadline: March 30th, 2026 at 3:00 p.m. EST

Responses Due: April 7th, 2026 at 3:00 p.m. EST

Proposal representations must be valid for a minimum of six months from the response due date.

QUESTION DEADLINE


March 30th, 2026

Issuing Agency


Virginia Birth-Related Neurological Injury Compensation Program

Organization overview and procurement intelligence available on paid plans.

DESCRIPTION


The government authority in Richmond, Virginia, is seeking a vendor to provide comprehensive investment services for the management of their Fund. The selected firm will act as a co-fiduciary in all Fund-related investment matters, offering continuous advisory support to The Program and the Committee overseeing fund operations.

The vendor will be responsible for selecting, monitoring, and evaluating individual Investment Managers or Funds, including the prudent retention, termination, or replacement of such managers or funds as needed. Duties include keeping the Committee informed of recommended strategy changes, ownership transitions, and other relevant factors affecting the Fund. The firm must provide detailed annual analyses of portfolio fees and expenses to the Board and Committee, meet quarterly with the Committee to review investment results, and rebalance the Fund's portfolio quarterly in accordance with approved allocation guidelines.

Source attribution

This Settle analysis is based on the issuing organization’s public RFP listing.

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