Essex County Council Pension Fund, Chelmsford, England, is looking for a manager to run a long-only multi-illiquid debt portfolio, according to a notice on European procurement website Tenders Electronic Daily.
The allocation is expected to be around £80 million ($134.2 million), according to the notice.
The successful provider must manage a pooled illiquid debt fund investing in a number of debt markets, including direct corporate lending, real estate lending and distressed debt, according to the notice.
Further information can be obtained through Hymans Robertson, which is acting on behalf of the £4 billion pension fund. Proposals are due June 18.
The notice is available on the TED website.
Spokesmen for the pension fund and Hymans Robertson could not be reached for comment by press time.