Compenswiss, Geneva, is looking for core European real estate managers to manage between €50 million ($56 million) and €100 million allocations, according to the 33.8 billion Swiss franc ($34 billion) pension fund's website.
The social security fund, which provides first-pillar pension benefits to all Swiss citizens, wants to add core, high-grade European real estate funds to diversify its global real estate portfolio. Selected managers will offer multisector and multicountry strategies via open-end pooled funds.
Compenswiss, which has 1.3 billion Swiss francs in global real estate, will not accept proposals from public REITs or managers using more than 50% leverage.
The RFP is available on the pension fund's website. Proposals are due by July 22. The fund will evaluate proposals by Aug. 9.