The ACCESS Pool, which consists of assets totalling around £45bn (€53bn) on behalf of participating UK pension funds, is seeking to select senior secured direct lending strategies across two distinct mandates focusing on European and US markets.
The initial allocations will be around £200m for the European mandate and £150m for the US mandate, with subsequent allocations expected and further potential growth thereafter in both cases, the investor announced.
The appointed funds/strategies will provide senior secured direct loans to corporates with a focus on the core middle market, to a mainly private equity sponsor-backed borrower base, it added.
European and US senior secured direct lending investment managers with relevant capabilities are invited to submit proposals for the provision of each of the mandates to ACCESS. Further detailed information is contained in the respective set of documents which are available upon request to relevant investment managers, the Pool stated.
ACCESS appointed Apex Investment Advisory (formerly MJ Hudson) in January 2022 as implementation adviser for the pooling of illiquid assets, including private equity, infrastructure, private debt and real estate.
Apex will provide support to the Pool in selecting individual investment opportunities and investment managers to build portfolios in a range of illiquid assets.
Interested investment managers are invited to request the related information and documents by emailing separately for the Europe mandate and for the US mandate.
The deadline for initial submissions will be 2pm BST on Friday 6 September 2024.
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