The Teacher Retirement System of Texas (TRS) is seeking outside counsel to provide legal services in various areas, including investment matters, private investment transactions, and securities litigation. The selected counsel will be required to provide advice and representation to TRS on a non-exclusive basis. The scope of services includes providing legal advice on fiduciary obligations, derivatives transactions, and general regulatory matters. The contract term is expected to be two years, with two optional two-year renewal terms. • The outside counsel will be required to have expertise in areas such as investment management, securities law, and tax law. • The counsel will be expected to provide advice and representation on matters related to TRS' investment program and policies. • The selected counsel will be required to comply with TRS' Code of Ethics for Contractors and the Outside Counsel Contract. • The counsel will be expected to demonstrate an ability and willingness to comply with TRS' processes and procedures. • The selected counsel will be required to provide services efficiently and effectively, using appropriate technology and best practices.