Dutch scheme seeks to invest €20m in US real estate fund
IPE-QUEST – Grontmij Capital Consultants (GCC) is currently looking for a non-listed real estate retail fund in the US on behalf of one Dutch pension fund, using IPE-Quest.
In search QN1332, GCC said it was conducting a selection of institutional retail funds based in the US for a Dutch client seeking to commitment €10m-€20m in capital
The fund selected would have to be core or value-added and targeted at institutional investors.
GCC said it required that fund managers had 50% or more of their fund's total investment allocated to retail assets.
The fund could have a second asset sub-category, such as offices or warehouses, but these assets should not ideally exceed 25% of the total investment size of the fund, GCC said.
Additionally, GCC stressed that the Dutch pension fund would prefer a loan-to-value (LTV) as low as possible and would rather avoid any blind pools – a fund without any assets to its name.
Interested fund managers have until 5 September to list their funds and respond to GCC's request.
The IPE.com 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 directly from IPE-Quest, please contact Jayna Vishram on +44 (0) 20 3465 9330 or email firstname.lastname@example.org.