An institutional investor based in Belgium is looking to invest €70m in unlisted infrastructure assets via an open-ended fund.
The unnamed investor has turned to IPE Quest in the search for a manager with a global developed markets fund with at least a five-year track record, but a 10-year record is preferred.
According to the IPE QUEST QN-2755 search, the fund should target a diversified portfolio of core non-listed assets with a focus on cash flow stability.
The fund’s portfolio should mainly comprise brownfield assets with strong risk/ESG assessment capabilities.
According to the tender, the fund’s assets under management should not be less than €2.5bn and preferable benchmarked against the GRESB Infrastructure Fund Assessment. The managers are expected to have total assets under management of not less than €4bn.
Interested parties should apply by 18 March 2022 at 5pm UK time, stating performance to 31 December 2020 net of fees.
To read the latest edition of the latest IPE Real Assets magazine click here.