Essex Pension Fund is tendering a 拢100m (鈧�117m) infrastructure mandate.
According to the EU tender service TED, the fund is looking to allocate 2% of its assets to an unlisted vehicle focused on UK, European or global assets.
Both open-ended and closed-end solutions will be considered.
A 2% allocation to one manager and a 1% allocation to two managers are options for Essex, which is being advised by Hymans Robertson.
Fund managers, which have until 22 December to apply, should manage at least 拢500m in infrastructure assets to be considered for the mandate.
An increased focus on infrastructure and housing investment by the UK government in its Autumn Statement was .
A 拢23bn National Productivity Investment Fund and investment in rail, telecoms and housing was announced by UK chancellor Philip Hammond, while a pipeline of PF2 projects is likely to be announced early next year covering economic and social infrastructure.
Merseyside鈥檚 local government pension scheme a further 2 percentage points to its infrastructure allocation and join the Greater Manchester Pension Fund, London Pension Fund Authority and Lancashire Pension Fund in their GLIL pool.
Merseyside, which has a 5% allocation to infrastructure, said an increase in its allocation to infrastructure was 鈥渁nticipated鈥� as part a recent review of its asset allocation.
A final decision on the allocation is likely to come next year, IPE Real Estate understands.
