A Swiss institutional investor has turned to IPE Quest in the search for a global real estate fund-of-funds manager.

According to search QN-2690, the investor is looking to invest between €500m and €1.5bn in a core, core-plus and value-add strategy that targets non-listed and direct real estate.

Interested managers should have at least a five-year track record, but managers with a track record just below the period will be considered. 

The fund-of-funds manager is required to hold a minimum of $2.5bn (€2.1bn) of total assets under management (AUM) for this particular asset class and a minimum of $5bn AUM overall.

Managers should supply gross of fees performance data as of 31 March 2021.

The deadline to participate in this search has been set for 17 May at 5pm UK time.

This article has been updated to anonymise the investor.

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.