The Swedish Fund Selection Agency (Fondtorgsnämnden, FTN) has published a draft of the fund agreement it will use in the forthcoming procurements of funds for the premium pension fund platform.
The document, alongside draft instructions to the fund agreement and appendices, was released on Sunday on the FTN’s website.
The agency said: “Publishing the draft of the fund agreement is part of the agency’s market dialogue, which is intended to give the market the opportunity to prepare for the upcoming procurements of funds and to comment and give feedback on the material”.
It said the draft documents – available in Swedish and English – will be adjusted to suit the requirements of the first procurement, which, as announced a week ago, will be acive European large-cap equities.
Stakeholders have until 12pm CET on 22 May to send comments on the drafts, the FTN said.
Swiss occupational scheme issues CHF300m mandate
A Swiss occupational pension plan has issued a tender notice via IPE Quest for a CHF300m (€340m) active small and mid-cap equity mandate.
According to search QN-2826, participants should be able to show a minimum performance track record of three years (five years is preferred), with a minimum €30bn of assets under management.
The deadline for this mandate is 19 May, 5pm GMT.
Pension fund in Central Europe seeks infrastructure manager
A pension fund based in Central Europe has issued a tender notice for global developed markets infrastructure worth €100m via IPE Quest.
According to search QN-2827, the pension fund is looking for a manager for a managed account for infrastructure equity to focus on infrastructure funds with investments in OECD countries.
To shorten the investment period co-investments and secondaries could also be part of the strategy, the notice added. The primary funds and secondaries within the mandate should preferably be sustainable finance disclosure regulation (SFDR) article 8 or 9.
The mandate should also have a clear focus on sustainable infrastructure equity strategies, the document stated.
“We also want to be involved in the investment decision process through regular pipeline calls,” it said.
The target net IRR of the mandate should be around 10%.
Participating managers should be able to show a minimum performance track record of five years, with a minimum €2bn of assets under management.
The deadline for this mandate is 5 June, 5pm GMT.
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. Follow IPE Quest on LinkedIn.
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