Compenswiss, the public institution managing Switzerland’s first pillar social security funds AHV, IV and EO, has issued three real estate mandates via IPE Quest.

The institution is looking to invest $100-200m in the US, €50-100m in Europe and $50-300m in Asia Pacific. The move comes following a decision to diversify its global real estate portfolio, the notices revealed.

The asset owner has not yet defined a benchmark for all three mandates, and it is considering pooled fund investment structures – open-end or closed-end. It will also consider multi-sector strategies but will not accept listed REITs.

Participating managers should supply gross of fees performance data as of 31 December 2020 and are required to hold a minimum CHF5bn (€4.5bn) in total assets under management, with at least CHF500m in each regional asset class, the tender documents stated.

Interested managers should also have a three-year minimum track record.

The deadline to participate in all three searches is 5pm UK time 11 March. The corresponding IPE Quest searches are: QN-2666 for Asia Pacific, QN-2667 for European and QN-2668 for the US.

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.

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