Essex County Council Pension Fund, Chelmsford, England, is looking for up to two infrastructure managers to invest 2% of the pension fund’s assets in unlisted infrastructure funds, according to Tenders Electronic Daily, an electronic procurement platform.
The £4.9 billion ($6.1 billion) pension fund will allocate the total of £100 million into U.K., European or global opportunities. The pension fund will consider a 1% split between two managers, the notice said.
The pension fund will consider only managers overseeing at least £500 million worth of infrastructure assets, according to the notice. Infrastructure debt strategies will be considered as part of a broader solution but are “unlikely to deliver a high enough return in isolation,” the pension fund said in the TED notice.
Proposals are due by 10 a.m. Greenwich Mean Time on Dec. 22. Information is available on TED’s website. An expected selection date was not provided.
The pension fund’s spokesman was not available by press time to comment further on the allocation.
Consultant Hymans Robertson is advising the pension fund on the search.
