Pension fund management services

Tender description

The Fund is looking to allocate approximately 100 000 000 GBP to unlisted infrastructure fund(s), equivalent to 2 % of the Fund assets (based on latest valuations). We will consider both a 2 % allocation to 1 manager and a 1 % allocation to 2 managers. Fund managers should manage at least 500 000 000 GBP of infrastructure assets to be considered (either already deployed, committed to projects, or committed by investors to their strategy). Both open-ended and closed-ended solutions will be considered. We do not wish to consider listed infrastructure funds or fund of fund solutions. Target returns will be discussed and agreed with the successful manager(s). Infrastructure debt strategies may be considered as part of a broader solution but are unlikely to deliver a high enough return in isolation. Preferred solutions will focus on UK, European or Global Opportunities. The Council reserves the right to alter the value of the funds awarded and this may change over time. The Council reserves the right to alter the length of the contract.