Fonds de Reserve pour les Retraites, Paris, is searching for money managers to run two separate portfolios, totaling about €600 million ($687 million) dedicated to private debt investment in France-based companies.
The first search is a private placement portfolio, according to documents filed in French on public procurement website Caisse des Depots. FRR is looking for up to three managers to create and manage a dedicated portfolio. The size of the portfolio could be around €300 million, said documents, dependent on the markets.
The second search is for up to three managers to create and run a portfolio of about €300 million in debt acquisition.
Proposals are due June 17. The RFP is available here.
Further information was not available by press time. Executives and spokeswomen could not be reached for comment by press time.
FRR has €37.2 billion of assets.