Fondo Pensione Eurofer, Rome, is searching for one or more alternative investment managers to run a €25 million ($29 million) allocation to private debt.
The national pension fund for workers of state railways seeks managers that provide closed-end funds, which invests in unlisted infrastructure and real estate debt across the European Union or European Economic Area countries. Investments in Italy will be favored.
The €1 billion pension fund permits investments in loans that are structured as a medium-term investment and are not traded through the syndicated loan market or the secondary market. The selected manager is expected to deliver a net return between 5% and 8%.
Eligible firms must have an Alternative Investment Fund Managers license, at least €250 million in assets under management and a registered office in the European Union.
For additional information, managers can email Niels Bodenheim, senior director of private markets at bfinance.