Fonds de Reserve pour les Retraites, Paris, committed up to €300 million ($315.8 million) to Idinvest Partners and Lyxor International Asset Management for a private debt allocation.
FRR launched a search in May to outsource the creation and management of a dedicated fund or funds specialized in acquisition-related debts, which will invest in the private debt of French companies.
“The funds may grant financing to small (and) medium enterprises through the acquisition of debt securities or debt securities linked to loans instruments,” the pension plan said in a news release.
The manager contract runs for 12 years with the option of a two-year extension.
A spokesman for the €37.2 billion pension plan was not available for additional comment.