UK pension fund in e36m PE mandate via IPE-Quest
UK – A UK consultant, on behalf of a UK pension fund, has tendered a 25 million pound (36.2 million euro) private equity mandate via IPE-Quest.
“This search is being conducted by a UK consultant on behalf of an existing UK pension fund client. The consultant appreciates that the deadline of 16 April is short notice but they need to be in a position to arrange for presentations to their client by mid-May.”
The 25 million pound mandate is for a private equity vehicle with a preference for a manager of managers (fund of funds) product.
Although the preferred investment region is the UK, the client will also accept global products.
There are nine searches on the IPE-Quest system closing in the next five days.