An unnamed Benelux-based pension fund has tendered a €50m mandate for infrastructure through IPE Quest.
The mandate – search code QN 2242 – is for a mix of core and value-add assets in OECD countries.
It should target a minimum internal rate of return of 6.5%.
Bidding managers should have at least €250m under management in infrastructure already and at least €1bn in total assets.
Firms should also be signatories to the United Nations’ Principles for Responsible Investment.
The pension fund wants at least a six-year track record but will accept an absolute minimum of three years.
Managers must have at least one predecessor fund.
Performance should be stated, net of fees, to 30 September 2016.
Responses are invited until 13 January, and long list candidates will be contacted from 20 January.
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 direct from IPE Quest, please contact Jayna Vishram on +44 (0) 20 7261 4630 or email jayna.vishram@ipe-quest.com.
