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Swiss pension fund tenders private debt mandate using IPE Quest

An undisclosed pension fund based in Switzerland has tendered a $50m (€46m) global developed market private debt mandate using IPE Quest.

The mandate is for a long-only multi-credit strategy, to include US/European leveraged loans, structured credit (ABS, CLOs, CMBS/RMBS) and US/European special situations (corporate and private real estate and stressed/distressed).

According to search QN-2141, the client requires managers to use a value style, with an active investment process.

The target return is more than 8% in US dollars.

There is no benchmark.

Applicants should have a track record of at least one year, and preferably three years.

Interested parties should state performance, net of fees, to 31 December.

However, there is no required minimum for assets under management – either for the asset class itself or the asset management company as a whole.

The deadline for applications is 8 January 2016.

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

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