Government Pension Investment Fund issued a request for information regarding funds-of-funds managers for infrastructure in emerging markets.
The ¥169 trillion ($1.58 trillion) Tokyo-based pension giant is "considering appointing a new manager specializing in the emerging markets" to better diversify the fund's global core-focused infrastructure investment strategy, said a notice on its website Monday.
GPIF is seeking information including the size of the emerging markets infrastructure segment, market returns and the track records of managers, the notice said. The fund also asked for "ideas of knowledge transfer in case of entering into a partnership with GPIF."
Interested parties can send submissions by email beginning April 27 through noon Tokyo time June 12, with the subject line: "(RFI) Information on FoF manager in EM (institution/name)."
GPIF's most recent portfolio update, for its fiscal third quarter ended Dec. 31, showed the fund with 0.49% of its portfolio, or ¥828.1 billion, allocated to alternative asset segments such as infrastructure, real estate and private equity, up from 0.37% three months before. Under current operating instructions, the fund can invest up to 5% of its portfolio in alternative assets.