C-alm, a Swiss independent consulting firm, has tendered a global alternative fixed income universe mandate worth CHF60m (€54.8m) via IPE Quest.
According to search QN-2693, the investment universe should at least include 50% of investments outside the Barclays Multiverse, CS Leveraged Loan and Swiss RE Cat Bond Indexes.
The long-only investment should be an open-ended single fund with a maximum loan-to-value of 20% (at the product level), the notice stated.
Participating managers should supply gross of fees performance data as of 30 April 2021 and are required to have a minimum one-year track record, but two years are preferred, it said.
The deadline to participate in this search is 5pm UK time 21 May.
Separately, a pension fund based in Belgium has launched two Discoveries (pre-request for information) with IPE Quest – for private debt and for private equity fund-of-funds, each worth €10m.
The private debt search (DS-2691) is to be invested in global developed markets through a core active pooled strategy. Participating managers are required to have a minimum three-year track record.
As for the private equity search (DS-2692), the strategy would invest in Europe through a pooled fund-of-funds active strategy. Participating managers are required to have a minimum five-year track record.
The deadline to participate in both has been set for 5pm UK time 25 May.
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 jayna.vishram@ipe-quest.com.
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