mast image

Special Report

ESG: The metrics jigsaw


AP7 alternative manager search enters final stage

Related Categories

SWEDEN- The e2.3bn AP7 default fund’s search for private equity and hedge fund of fund investment managers enters the final stage next week when it begins interviewing a final shortlist of ten potential candidates.

AP7 is meeting with its advisors New England Pension Fund Consultants next Monday to whittle down the sixty or so remaining candidates to a final shortlist. AP7 received replies from over 130 managers when it sent out the initial RFP questionnaires for tenders worth around $160m (e180m) towards the end of last year.

The fund is looking for managers to oversee a $80m private equity fund of fund mandate and a hedge fund of fund mandate also worth $80m. A maximum of two managers will be appointed to each asset class.

Richard Grottheim at AP7 says the majority of the remaining managers hail from the US but that there are some Swedish candidates still in the running.

Grottheim says they will interview the final candidates in the fortnight ending January 25 and a final decision is expected on February 12th, the fund’s next board meeting.

Have your say

You must sign in to make a comment


Your first step in manager selection...

IPE Quest is a manager search facility that connects institutional investors and asset managers.

  • QN-2575

    Asset class: Core Real Estate Muli-Manager Separate Managed Account.
    Asset region: Global.
    Size: CHF 150m.
    Closing date: 2019-12-20.

  • QN-2576

    Asset class: Small Caps Equity.
    Asset region: US.
    Size: $>100m.
    Closing date: 2019-12-09.

  • QN-2578

    Asset class: Sovereign Local Currency Emerging Market Debt.
    Asset region: Local emerging markets.
    Size: EUR 950m.
    Closing date: 2019-12-19.

Begin Your Search Here