An unnamed Swiss institutional investor is putting out a CHF500m (€479m) mandate for global small-cap equities excluding Switzerland, in a search on IPE Quest.

The assets are to be managed passively, with the MSCI World ex Switzerland Small Cap index as the preferred benchmark.

The currency used is to be the Swiss franc, and the mandate style is stipulated as core.

Maximum tracking error is 0.5%.

Asset managers applying must have at least CHF5bn under management in total, according to the search.

The deadline for responses is 15 April at 5pm UK time, with the final selection to be made by the board on 18 June.

Separately, on behalf of a client, Grontmij Capital Consultants (GCC) is using IPE Quest to find a manager to take on an infrastructure investment mandate with an expected commitment of €20m.

The target investment will be a diversified, multi-sector infrastructure fund, the consultancy said.

The firm said it aimed to make a commitment between June and August this year, with the geographical focus being OECD investments initially.

The final closing date for responses is 8 April at 5pm UK time, with a shortlist to be drawn up on 1 June.