When is the submission deadline?

Submissions are due September 30, 2026. Questions must be submitted by August 21, 2026.

It was issued by City Of Fairbanks. The work is located in Fairbanks, Alaska, United States.

Who is a good fit for this opportunity?

Registered investment management firm with fiduciary experience. Demonstrated expertise managing fixed income and equity portfolios. Experience serving municipal or public-sector clients. Strong investment policy compliance and benchmark reporting capabilities. Ability to support government financial audits and provide timely documentation.

Permanent Fund Management Services (Due September 30, 2026)

Overview

Financial, Legal, HR & Staffing

Fairbanks, Alaska, United StatesPosted: August 8, 2026Deadline: September 30, 2026

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SUMMARY

Fairbanks seeks a fiduciary investment management firm to oversee permanent fund assets across fixed income and equity portfolios. The one-year engagement includes policy compliance, performance benchmarking, investment recommendations, and annual audit support.

KEY REQUIREMENTS

Must be registered with the SEC and the State of Alaska as an investment advisor
Must be licensed and properly registered to do business within the State of Alaska
Must have five years of experience as advisors with portfolios and municipalities of similar size to the City
Must have more than $1 billion in institutional funds under management
Must have experience with governmental fund management
Must provide proof of insurance including Workers' Compensation, Commercial General Liability, and Comprehensive Automobile Liability
Must provide a certificate of insurance within ten days of receipt of the Notice-of-Intent to Award
Must be able to attend quarterly meetings in Fairbanks, Alaska
Must be a registered investment adviser with both the United States Securities and Exchange Commission and the State of Alaska

CONTRACT DURATION

60 months

TIMELINE

Issue Date: August 7th, 2026

Pre-Proposal Question Deadline: August 21st, 2026

Proposal Deadline: September 30th, 2026

Proposal Review: October 1st, 2026 – October 30th, 2026

Anticipated Selection: November 23rd, 2026

Contract Commencement: January 1st, 2027

QUESTION DEADLINE

August 21, 2026

CONTACTS

Primary procurement contact — name, title, email, and phone

Additional decision-makers and their departments

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Issuing Agency

City Of Fairbanks

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DESCRIPTION

The government authority in Fairbanks, Alaska, seeks a qualified investment management firm to provide permanent fund management services. The selected firm will act as the city's fiduciary and provide investment services for funds designated by the city.

The firm will assign separate managers for the fixed income and equity portions of the engagement. These managers will invest and manage fund assets in accordance with the city's investment policies without exception, with performance measured against benchmarks designated by the agency.

The managers will periodically reassess the fund's investments and the city's investment policies, recommend changes to support the city's goals, and provide the city finance department or auditor with information necessary to complete the fund's annual audit. The contract period will be one year. Questions must be submitted by August 21, 2026.

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Frequently asked questions

When is the submission deadline?: Submissions are due September 30, 2026. Questions must be submitted by August 21, 2026.
Who issued this RFP?: It was issued by City Of Fairbanks. The work is located in Fairbanks, Alaska, United States.
Who is a good fit for this opportunity?: Registered investment management firm with fiduciary experience
Demonstrated expertise managing fixed income and equity portfolios
Experience serving municipal or public-sector clients
Strong investment policy compliance and benchmark reporting capabilities
Ability to support government financial audits and provide timely documentation

Analysis generated by Settle AI from the source RFP.

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Settle pieces together buyer signals, budgets, contract activity, and the sources your team already monitors. See why an opportunity fits and what to do before the RFP posts.

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