Fonds de Reserve pour les Retraites, Paris, is searching for money managers to create and manage an allocation to unlisted companies headquartered in France.
In a notice on European procurement website Tenders Electronic Daily, FRR said up to two management contracts may be awarded. The €37.2 billion ($40.9 billion) fund estimates that assets in the portfolio could be between €50 million and €100 million.
Assets will be invested “in unlisted companies whose headquarters are located in France in the capital of the segment risk/innovation,” said the notice.
Proposals are due Dec. 6. A hiring date was not provided. The notice is available website.
A spokeswoman at FRR could not be reached for comment by press time.