A Dutch institutional investor has turned to IPE Quest to search for a farmland fund manager.
According to Search QN-2626, the investor has a $80m (€67m) mandate to award. It has specified that managers have at least $250m in farmland assets under management.
Other fund criteria include a core or core-plus risk profile, a diversified crop profile, and a maximum 30% in leverage. Fund managers should be signatories of the Principles for Responsible Investment (PRI). The strategy can be global or regional.
The deadline for responses to the IPE Quest is 27 November, with managers asked to state performance to 30 September 2020.
After a first selection, the remaining candidates will be sent a questionnaire by Friday, 18 December. Based on this, most preferred funds will be selected by 5 March and form the shortlist.
Shortlisted candidates will be asked to present their funds at the investor’s office in the Netherlands or in a virtual meeting if travelling is still not appropriate. Fund presentations are scheduled for 6-9 April.
The investor will then decide whether or not to proceed with a full fund due diligence, including a full day site visit. A final board investment decision is scheduled to be made in the third quarter of next year.
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 firstname.lastname@example.org.