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Benelux insurance company tenders private credit mandate via IPE Quest

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A Benelux insurance company is looking for a private credit manager for a €150m mandate put out to tender via IPE Quest.

According to search QN-2279, the manager should ideally be able to “combine exposure to European leveraged loans with other forms of private debt such as direct lending”.

“At inception the mandate could be 100% loans and transition to a certain percentage direct lending (off-benchmark) in time depending on market circumstances,” the client indicated.

It could allow some off-benchmark exposure to other regions, mainly the US, “if desirable”, it said.

The mandate is for core active management, with the Credit Suisse Western Europe Leveraged Loans Index to be used as the benchmark.

Bidding parties should have at least €1.5bn of assets under management for the asset class, and €15bn assets under management in total.

They should have a track record of at least five years.

Interested parties have until 8 March to apply, and should state performance gross of fees to 28 February. 

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 jayna.vishram@ipe-quest.com.

 

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