Texas Local Government Investment Pool Investment Management and Related Services

The Texas Comptroller of Public Accounts, acting on behalf of the Texas Treasury Safekeeping Trust Company, is soliciting proposals to manage two local government investment pools—TexPool and TexPool Prime—through a turnkey investment management services contract. The solicitation, numbered 240L, invites qualified independent firms to provide comprehensive investment management and related services tailored to these pooled funds, which serve Texas local governments seeking safe, liquid, and yield-optimized investment solutions. Proposals must address the full scope of services required, including portfolio construction, risk management, compliance, reporting, and operational support, all aligned with the Trust Company’s investment objectives and fiduciary standards. Interested parties must submit responses by September 2, 2026, at 8:00 PM CT, with proposals evaluated based on technical expertise, performance history, fee structure, and ability to meet operational and regulatory requirements. The contract will be awarded to a single provider capable of delivering consistent, high-quality management across both pools while maintaining the highest standards of transparency and accountability. All correspondence and inquiries should be directed to Kathleen Graham at contracts@cpa.texas.gov or 512-305-8673, and the full solicitation details are available through the Texas SmartBuy portal. The selection process emphasizes experience in managing public fund assets, demonstrated compliance with state and federal regulations, and the capacity to adapt to changing market conditions while safeguarding public capital.