Hampshire Pension Fund is seeking an investment manager for a £325m private debt mandate.
The fund has launched a tender for a single manager, who will be expected to target UK three-month LIBOR plus 4% a year.
Hampshire Pension Fund was valued at £6.6bn in March 2018 and has a strategic asset allocation to private debt of 5%, which is a new addition to its investment strategy.
The tender document said that the successful manager will be expected to effectively deliver a “bespoke fund of funds”.
