A European institutional investor has launched a search for a commercial real estate debt manager for a €260m mandate, via IPE Quest.

The investor is targeting senior commercial real estate loans originated western Europe including the UK.

The maximum loan-to-value ration should be “typically” 60%, the investor said. The investments can be denominated in euros or sterling.

The mandate is to be split into two discretionary, segregated accounts, with investments subject to guidelines and eligibility criteria set by the client.

The investor stated that “loans must qualify as eligible investments for the restricted assets of a German or UK insurance undertaking”.

Managers responding to the tender should state performance gross of fees to 28 February 2019.

There are no specified requirements for track record or minimum assets under management.

The deadline for submissions is 5pm UK time on 11 April.

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.