IPE-QUEST – An unnamed Asian institutional investor has tendered a $20m (€15m) private real estate and private infrastructure equity mandate, using IPE-Quest.
According to search QN1311 – previously set to conclude at the end of June and at the time limited to private equity investments – managers are asked to propose opportunities in the Asia Pacific region, including Australia.
The investor will still consider core, value-add, opportunistic, specific sector or diversified sector styles on the actively managed mandate.
No benchmark was set for the search.
However, the investor will now consider candidates with mandate-specific assets under management (AUM) of as little as $200m – down from the minimum threshold of $500m, which remains as the higher end of the range.
Similarly, managers with a firm-wide AUM of $300m will now also been considered – the previous threshold stood at $1bn.
Managers should nonetheless have a five-year track record on any strategies, and submit their gross of fees performance to the end of June.
The closing date for the search has been extended to 26 July.
The IPE.com 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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