LD Pensions, Frederiksberg, Denmark, is searching for an investment manager to handle a €270 million allocation ($303 million) to public alternatives, according to a notice on European procurement website, Tenders Electronic Daily.
LD Pensions wants to outperform private market returns over a full market cycle by investing in listed alternatives, such as public investment trusts, REITs and venture capital trusts that have an underlying exposure to private market assets.
The manager is required to have a three-year track record and a portfolio of at least €20 million.
The contract will last five years and can be renewed up to two times for an additional period of 12 months each time.
Submissions should be sent via TED by 11 p.m. Central European Time on Aug. 17.
A spokesman could not be reached to provide additional details.
LD Pensions has 45.9 billion Danish kroner ($6.9 billion) in assets.
