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CEE pension fund tenders infra, direct lending mandates via IPE Quest

A central European pension fund is using IPE Quest to search for direct infrastructure and direct lending managers.

According to searches QN-2381 and QN-2380, respectively, the pension fund wants to allocate €50m-100m to US direct lending, and €75m-100m to direct infrastructure investments.

The infrastructure mandate is for equity investments in OECD countries. The pension fund said it was not yet planning co-investments and wanted a commingled private fund that makes direct infrastructure investments.

The fund should be collective, although a managed account was not out of the question, the fund said.

The investor said it was open to funds with a particular strategy, such as a focus on renewable energy, and funds with a diversified infrastructure exposure.

It said it would consider hedged and unhedged investment structures denominated in US dollars.

The pension fund’s return target is net 6% or more on a Euro-hedged basis, and net 8% or more for US dollars.

Managers should have at least €1.5bn of assets under management for the asset class in question.

The pension fund’s direct lending mandate is targeting senior secured loans to companies in the lower-middle and middle-market brackets, meaning with revenue of around $500m (€422m) or EBITDA of $100m.

Managers should have at least €1bn of assets under management in direct lending.

The deadline for applications is 8 December for both mandates. Applicants should state performance gross of fees to 31 October.

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 .

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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-2578

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

  • QN-2582

    Asset class: Emerging Market Corporate Debt Hard Currency Investment Grade.
    Asset region: Emerging Markets.
    Size: USD 40 – 60 m.
    Closing date: 2020-01-07.

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