A consultant has tendered a $10m (€9m) global factoring mandate on behalf of an undisclosed pension fund based in Switzerland, using IPE Quest.

According to search QN-2214, the client is looking for “investable commingled fund vehicles predominantly focused on factoring”.

Applicants should have at least $250m in assets under management (AUM) in the asset class and a track record of at least two years.

Interested parties should state performance until the end of June, net of fees.

The deadline for applications is 31 August.

Separately, in Quest search QN-2213, Kottmann Advisory is tendering a global small-cap equity mandate on behalf of an undisclosed pension fund based in Switzerland.

The mandate is for up to €20m, although this amount could be allocated to a number of fund managers.

Applicants should have at least €50m in AUM in the asset class.

Interested parties should state performance to 30 June, net of fees.

The deadline for applications is 26 August.

The IPE news team is unable to answer any further questions about IPE Quest tender notices to protect the interests of clients conducting the search. To obtain information direct from IPE Quest, please contact Jayna Vishram on +44 (0) 20 7261 4630 or email jayna.vishram@ipe-quest.com.