Private Markets Technical Services

The Teacher Retirement System of Texas (TRS) is soliciting proposals for Private Markets Technical Services through solicitation TRS000660, with a response deadline of June 4, 2026, at 3:00 PM CST. The contract requires the contractor to provide online access via a vendor website or portal delivering comprehensive financial data in private equity, real estate, infrastructure, corporate credit, and natural resource asset classes, including analytical tools for research, evaluation, and monitoring of private markets. The data must be downloadable in PDF and Excel formats and include detailed information on private companies, funds, fund managers, investors, deal information, market-wide benchmarks, and capital markets publications such as daily newsletters, research reports, and quarterly analyses. The contractor must maintain TX-RAMP Level 1 or Level 2 certification if required by TRS, comply with Texas Government Code provisions on cybersecurity training and data security controls, and implement robust data protection protocols for TRS Data, incorporating a completed Third-Party Assessment as a contractual requirement. The initial contract term is five years, effective October 19, 2026, with no renewal options, and performance must occur in Texas. The contractor must maintain specified insurance coverages including Workers’ Compensation, Employer’s Liability with minimum limits of $500,000 per accident or $1,000,000 aggregate, and Professional Liability Insurance with $1,000,000 per occurrence and $2,000,000 aggregate coverage or a $2,000,000 Combined Single Limit. The contractor is required to submit proposals as a single consolidated PDF under 56,120 KB via the PAVES portal, with no external links permitted. Proposals will be evaluated based on Proposed Performance Details (40%),Respondent Statement of Qualifications and Past Performance (20%), Key Personnel (20%), and Proposed Pricing (20%), with TRS reserving the right to conduct interviews, demonstrations, or request Best and Final Offers. The contractor must provide written notice of any key personnel changes for TRS approval and adhere to strict invoicing requirements via PAVES, including detailed deliverable descriptions and dates. The contractor must indemnify TRS against claims, assume liability for gross negligence and breach of confidentiality, and retain records for seven years post-contract expiration. All contractual obligations survive termination, and the State of Texas governs the contract, subject to the Texas