An insurance company based in the Netherlands has published a European small-cap equity tender for at least €100m.

According to the IPE Quest search QN-2701, the investment strategy should follow the MSCI Europe Small Cap/MSCI Europe Small Mid Cap as a benchmark, adapting a core fundamental bottom-up approach.

The minimum required assets under management (AUM) for the asset class is at least €500m, while total AUM required are at least €2bn.

The search also stated that the minimum and maximum expected level of tracking error for this mandate is 2% and 8%, respectively.

Participating managers should provide performance data (gross of fees) as of 31 May 2021 and have a minimum of five years’ absolute tracking error.

The deadline to participate in this search has been set for 7 July 5pm UK time.

Discovery search for residential real estate

Separately, an institutional investor based in Belgium is conducting a Discovery for global emerging markets government bonds mandate.

The scheme is seeking to invest in a core segregated product, according to DS-2700 search.

The potential size of the mandate is set at €75m and participating managers should have a minimum five-year track record.

The deadline to show interest is 1 July 5pm UK time.

The IPE news team is unable to answer any further questions about IPE Quest, Discovery, or Innovation tender notices to protect the interests of clients conducting the search. To obtain information directly from IPE Quest, please contact Jayna Vishram on +44 (0) 20 3465 9330 or email

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