French pension fund FRR to award private debt mandates

French public pension fund Fonds de réserve pour les retraites (FRR) has launched a request for proposals on the French corporate private debt segment.

Two lots are being proposed by the FRR.

Asset managers mandated for the first lot will invest in French small and medium size companies through private equity instruments.

Those mandated for the second lot will invest in French small and medium size companies by acquiring debt that either serves the financing/refinancing of an acquisition or the financing of an external growth transaction.

One to three mandates could be awarded to asset managers for both lots, with some €300m of assets under management for each.

Each mandate will last for 12 years and could be extended twice for one year.

Both call tenders are opened until Friday 17 June.

At 31 December 2015, FRR’s net assets totalled €36.3bn.

Adrien Paredes-Vanheule
Adrien Paredes-Vanheule is French-Speaking Europe Correspondent for InvestmentEurope, covering France, Belgium, Geneva and Monaco. Prior to joining InvestmentEurope, he spent almost five years writing for various publications in Monaco, primarily as a criminal and financial court reporter. Before that, he worked for newspapers and radio stations in France, in particular in Lyon.

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