Real Asset Valuation Management Service

The California-based government authority is seeking a Valuation Management Company to provide management, oversight, and consulting services for its Real Assets Portfolio. The agency needs to solve the challenge of managing annual appraisals and quarterly valuations while ensuring compliance with ASC 820 standards. The selected vendor will oversee the valuation processes, engage independent third-party appraisers, and review appraisals and quarterly valuations provided by external managers. The scope of work covers providing interim quarterly valuations for identified assets and maintaining deep knowledge of industry best practices to evaluate the internal valuation practices of appraisal firms. The agency also requires expertise in valuing entity-level interests or agency interests in separate accounts, commingled funds, and various business structures identified by CalPERS. Performance of these duties will take place through a combination of onsite and offsite work. Eligibility is strictly limited to onshore organizations based in the United States. Bidders must submit all questions regarding this opportunity no later than July 10, 2026. The agency allows digital submission of proposals via email or an online portal, and the budget is open to proposals submitted by bidders.