An undisclosed pension fund based in Germany has tendered a €50m European senior secured-loans mandate using IPE Quest.

According to search QN-2221, at least 90% of the portfolio must be senior secured.

The client is seeking active managers, benchmarking performance against the euro-hedged CS WELLI.

Applicants should have at least €500m in assets under management (AUM) for the asset class and €3bn in AUM as a company.

They should also have a track record of at least three years, and preferably five.

Interested parties should state performance, gross of fees, until the end of August.

The deadline for applications is 3 October.

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