Shell Asset Management Company (SAMCo) has appointed LGT Capital Partners, an alternative investment manager headquartered in Switzerland, as exclusive private equity and infrastructure provider for five of its pension fund clients as of 1 June 2023.
The total value of the contract was not disclosed, although a statement issued by LGT noted it was for a “multi-billion euro portfolio”.
In conjunction with the appointment, LGT has further expanded its geographical footprint and opened a new office in The Hague, Netherlands, marking the firm’s 15th office globally, the firm announced.
The new location underlines the importance of the Dutch market and strengthens the firm’s proximity to private market and alternatives investors in the Netherlands. The six investment professionals managing the SAMCo portfolio will join LGT, the firm added without disclosing further details.
Roberto Paganoni, chief executive officer of of LGT, said: “The agreement on SAMCo’s private equity and infrastructure portfolio illustrates the consistent focus on building long-term partnerships with our global client base.”
Swiss pension fund seeks TER cost benchmarking adviser
A pension fund based in Switzerland is looking for an adviser with extensive knowledge and a broad database for asset management costs for institutional investors, in particular pension funds.
“Our goal is to compare our negotiated conditions across our asset management agreements with current market conditions and/or with competitors and finally to get an overview of potential opportunities to reduce costs,” the pension fund stated in notice IN-2828 via IPE Quest.
The benchmarking should be done against similar mandates and as specific as possible (asset category, active or passive investment style, size, institutional clients, etc.), the notice added.
The sample to benchmark contains 22 specific mandates in 13 different asset classes – global credit and equity, emerging market credit and equity, private debt and private equity, real estate CH/world – and 18 cost-benchmarks as well as other costs.
The comparative benchmark should be as comprehensive as possible and also take into account investors from other countries, it said, adding that the benchmarking should also give the pension fund additional indications of where optimisation opportunities exist.
The results should be illustrated in a goal-oriented manner – management summary, qualified valuation, statements and notes on the results, the notice stated.
Participants are required to have an office located in Europe to respond. The deadline to participate has been set for 26 May at 5pm GMT.
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. Follow IPE Quest on LinkedIn.
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