Swiss-based scheme considers small and mid-cap investment

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A pension fund based in Switzerland is using IPE Quest to consider a $50m (€42.7m) investment in Asia Pacific ex Japan small and mid-cap core equities.

The scheme has launched a Discovery (DS-2712) that stated that interested managers should submit their strategies by 3 September, 5pm UK time.

Participating managers should have a minimum of five years’ track record.

Meanwhile, an insurance company based in Belgium has issued a separate Discovery (DS-2713) asking asset managers to present proposals in European non-listed real estate diversified (office, retail, logistics) or in single-sector and niche funds.

The insurer is looking to commit €15-25m in the next three years, the document said, also stating that participating managers need at least €1bn in assets under management (AUM) for this asset class and €5bn in AUM overall.

The deadline for this Discovery has been set for 17 September, 5pm UK time.

A Discovery is a pre-RFI tool which enables institutional asset owners to carry out a preliminary search for managers active in a particular asset class or region. Asset owners can also use this tool to research an asset class they are looking at for the first time. Discovery is free-to-view so payment only applies if a manager decides to respond.

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.

BNP Paribas scheme plans private equity move

Separately, in Italy, the BNP Paribas’ pension scheme for Italian staff – Fondo Pensioni del Personale Gruppo BNL/BNP Paribas Italia – is looking to invest in direct private equity.

The scheme has issued a tender notice stating the fund is planning to invest in alternative investment funds (AIFs) in both Italian and European/global (ex-Italy) funds.

The pension fund did not disclose how much the investment will be worth but interested managers have until 16 September 12pm CET to participate via email.