Investment Advisory Services - University Endowment Fund

Delaware State University seeks a qualified investment‑advisory firm to provide non‑discretionary, full‑service advisory support for its university endowment fund (≈ $39 M). The advisor will review and ensure compliance with the Investment Policy Statement, develop and maintain strategic asset‑allocation models, conduct spending‑policy analysis, lead manager search and selection, produce regular performance reports, integrate DEI/ERG investment opportunities, and support student‑engagement activities. All services must be performed within the United States, and DEI/student‑engagement components must be included in the base fee. The contract is for three years with two optional one‑year extensions, and the university will negotiate an all‑inclusive fee structure based on the asset base. • Scope includes IPS review, asset‑allocation, spending‑policy analysis, manager selection, performance reporting, DEI integration, and student‑engagement support. • Non‑discretionary advisory model – final investment decisions remain with DSU’s Investment Committee. • No offshore work; private‑equity, hedge‑fund, and other alternative‑asset strategies are expressly excluded. • Proposal deadline April 16, 2026; pre‑bid meeting voluntary March 10, 2026.