The Swedish Fund Selection Agency is searching for up to six large- and/or midcap European equity managers to run state retirement savings.
The selected firms will in total manage 11 billion Swedish kronor ($1 billion) in assets for the recently reformed Sweden's public premium reserve retirement platform, which forms the country's mandatory defined contribution system.
The Swedish Fund Selection Agency was formed in 2022 to procure, monitor and ensure the quality of strategies used to invest assets through the platform.
"This year, the work for the procurement has intensified and now we have reached this milestone for the premium pension system," Mats Sjostrand, chairman of the agency, said on the agency's website.
Proposals are due Sept. 14 via procurement platform e-Avrop.
The agency said it will search for managers to run European small-cap equity allocations at a later point.