Secondary Market Brokers/Agent Services

The Teacher Retirement System of Texas (TRS) is seeking qualified vendors to act as secondary market brokers/agents, providing advisory services to its Investment Management Division (IMD). The contractor will advise on secondary transactions—buying and selling existing fund interests—to meet TRS’s short‑ and long‑term investment objectives. The contract is a five‑year, fixed‑price agreement (initial term only, no renewal option) with an estimated total value of $25 million. Services include market analysis, transaction structuring, pricing recommendations, and execution support for secondary market deals. The award will be made after the submission deadline of 23 Sep 2026; no pre‑bid meeting or site visit is required. Invoicing is done through TRS’s procurement system with payment within 30 days of receipt of an undisputed invoice. The contractor must comply with extensive data security, confidentiality, AI, and insurance requirements, and must be an independent contractor with no conflicts of interest. • Advisory services for TRS IMD secondary market transactions • Five‑year contract term, $25 M total estimated value • No pre‑bid meeting or mandatory site visit • Submission deadline: 23 Sep 2026 (3:00 PM) • Requires compliance with Texas data‑security, AI, and insurance standards • Invoicing via PAVES; payment within 30 days • Contractor must be independent, E‑Verify compliant, and free of conflicts of interest • Primary contact: Aundre Petty (Phone (512) 542‑2883, Email [email protected])