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Multi-asset manager sought for German foundation via IPE Quest [updated]

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A Germany-based consultant has tendered a €15m multi-asset mandate for a Bavarian foundation via IPE Quest.

According to QN-2559, the mandate could be split into two equal-sized lots if there is more than one “convincing” manager.

The consultant is looking for a mainly long-only fund or managed account for investment in several different asset classes, but excluding real estate.

The manager should have a track record of at least three years with at least €150-€200m assets under management in multi-asset strategies. The investment team should be at least partly based in a German-speaking country – Austria, Germany or Switzerland.

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The strategy should be “risk-managed” or “risk-targeted” and although it could invest in other funds, this should not be the main approach. Leverage should also not be the principal strategy.

The investor is willing to accept pooled funds or a managed account. The benchmark should be specified and the fund managed against this.

Applicants should state performance net of fees to 31 July 2019.

The deadline for applications is 6 September at 5pm UK time.  Interviews with short-listed managers are due to take place around the end of September to the beginning of October, with investing possible from 15 October.

This article was updated with more information from the investor on 16 August.

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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IPE QUEST

Your first step in manager selection...

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

  • QN-2558

    Asset class: Private Equity.
    Asset region: Global or Swiss.
    Size: USD $5-10m.
    Closing date: 2019-08-20.

  • QN-2559

    Asset class: Multi Assets.
    Asset region: -.
    Size: EUR 15m (may be split into two mandates EUR 7.5m).
    Closing date: 2019-09-06.

  • QN-2560

    Asset class: Private Equity.
    Asset region: Global.
    Size: $40m.
    Closing date: 2019-08-30.

  • QN-2561

    Asset class: Infrastructure.
    Asset region: Global.
    Size: $40m.
    Closing date: 2019-08-30.

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