Request for Proposals for Satellite Private Equity Investment Management Services

The Oklahoma Tobacco Settlement Endowment Trust Fund Board of Investors requests proposals for satellite private equity investment management services, such as venture capital. Eligible onshore USA organizations must possess specific expertise in direct investment private equity strategies, demonstrate consistent capital deployment, and maintain a disciplined investment process for long-term value creation. Selected managers must accept an initial investment of approximately $20 to $30 million, which will likely be divided among one to four managers. Written questions must be submitted via email by September 15, 2026. Complete proposals, including a signed cover letter, an attached Excel information request, and a sample private placement memorandum, must be submitted digitally to Wyck Brown by September 30, 2026, at 4:00 PM CST. Evaluation will be based on a 1,000-point scale covering product information (30%), organization and team (20%), Oklahoma presence and values (20%), investment philosophy and process (10%), operations and risk management (10%), and product fees (10%).