Italian doctors’ scheme Enpam is seeking domestic real estate fund managers that invest in a broad range of sectors, including healthcare, residential, student and senior housing, urban regeneration and logistics.
The €28bn pension fund disclosed in a note that it is seeking to select Undertaking for Collective Investment in Transferable Securities funds for the investments.
Enpam expects to hire alternative investment funds with a minimum of €100m in assets. The funds must invest primarily and directly in Italy using core, core-plus or value-add strategies.
The manager overseeing the funds must have at least €500m in assets under management.
Interested parties are requested to submit their proposals no later than 5 December.
Enpam’s investment plan allocates 27.7% of its total assets to real assets, an asset class that includes both real estate and infrastructure, allowing for a maximum fluctuation of 3%.
The pension fund’s €6.5bn real assets portfolio consists primarily of €5.8bn in real estate funds, with the rest invested in infrastructure and a small share in commodities.
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