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Mandate roundup: Swiss scheme tenders CHF150m property mandate

A Swiss pension fund has tendered a mandate via IPE Quest.

The asset owner is seeking for a manager to run a CHF150m (€134m) core real estate multi-manager mandate.

Managers should have at least CHF2bn in assets under management in real estate. Applicants should state performance data to 30 September 2019, gross of fees.

Their track record should be at least five years, but a minimum of 10 years is preferred.

The deadline for applications is 20 December. 

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.

Merseyside invests in Albion Capital’s private equity fund

The £9bn (€10.3bn) Merseyside Pension Fund has invested in Albion Capital’s asset-backed private equity fund, Albion Real Assets Fund (ARAF). The scheme has committed £10m.

ARAF is a continuation of Albion Capital’s asset-backed investment strategy and focuses on investing in operational businesses underpinned by assets with intrinsic value and working with proven management teams.

Adam Chirkowski, investment director at Albion, said: “ARAF’s initial investments in fibre optic broadband and wedding venues are similar in that we have been able to identify opportunities in strong, exciting niches and invest in order to grow them to scale.”

Albion targets sectors with strong societal drivers that have resulted in substantial unmet demand for premium physical assets and infrastructure, and creates value by building a group of these assets, Chirkowski added.

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IPE QUEST

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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