Requests for Proposals

INVESTMENT MANAGEMENT SERVICES – TRE26102-INVSTSRVS

I. Overview

By this Request for Proposal (RFP), the Office of the State Treasurer (OST), on behalf of the Cash Management Policy Board (the “Board”), is seeking proposals from qualified firms (“Vendors”) to provide investment management services to the State of Delaware. As detailed in Appendix B, selected Vendors will collectively manage the State’s $6.2 billion fixed-asset portfolio in accordance with the Board’s approved investment architecture, objectives, and guidelines.

This RFP is issued pursuant to 29 Del. C. §§ 6981, 6982(b), and 6986.

II. Timetable

The tentative timetable for this RFP process is as follows:

RFP Published: May 4, 2026
Deadline for Vendor Questions: May 22, 2026
Deadline for State Responses – Q&A Closed & Published: June 5, 2026
Deadline for Vendor Proposal Submission: June 19, 2026
Finalist Presentations (Virtual or In-Person): July 20 – 24, 2026
Estimated Board Approval: August 26, 2026
Contract Negotiations Begin: September 7, 2026
Contract Execution: December 31, 2026
Award Notification: January 31, 2027
Implementation to Start: February 2, 2027

There will be no pre-bid meeting associated with this RFP.

This RFP is not an offer. The State reserves the right to cancel this RFP or modify the above RFP dates at any time, and for any reason.

Vendors are expected to fully inform themselves of, and by submitting a proposal shall be deemed to have read, understood and unconditionally and irrevocably accepted, all conditions, requirements, and specifications of this RFP and all attachments and exhibits, subject only to the exception process provided for herein.

For more information, visit the State of Delaware Bid Solicitation Directory.