IST Investmentstiftung, a Swiss investment foundation set up by and for pension schemes, is looking for an investment manager for a new infrastructure debt closed-end fund.
According to search QN-2592 on IPE Quest, which the investor is using for its search, IST is expecting to have a mandate of €100-200m to award.
The focus is on pan-European infrastructure private loans. Investments can be in euros and sterling from investment grade issuers in western Europe.
Eligible sectors are electricity and energy, transportation, social infrastructure, water management, and telecommunications, with each allowed to account for a maximum of 30%. Nuclear power, military infrastructure, ships and coal investments are not allowed.
The closed end fund must be in the format of an investment foundation for Swiss pension funds under Swiss law.
The deadline for applications is 14 February at 5pm UK time.
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.
Border to Coast evolves multi-asset credit fund search
Border to Coast, one of the UK’s eight local government pension scheme asset pools, has opened for applications from managers to run specialist single asset credit strategies for its multi-asset credit fund.
The pool is looking to award mandates in high yield bonds, leveraged loans, emerging market debt and securitised credit.
Last month Border to Coast announced it had chosen PIMCO as the core manager for the multi asset credit fund.
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