An unnamed Swiss occupational pension plan is seeking a manager for a $350m (€316m) to $450m global real estate mandate, using IPE-Quest.
The client is looking to invest in unlisted real estate.
The plan prefers an open, single-investor fund or segregated account.
Leverage on investments should be no more than 60%, while the fund should not exceed 40% as an overall debt ratio.
Interested managers should have a minimum five-year track record investing in real estate, and manage at least $2bn in strategies focused on the sector.
Performance will be measured against the IPD Property Fund Index.
The IPE Real Estate 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 3465 9330 or email email@example.com.