Request for Proposal – Private Debt funds – Italy

  1. Introduction and General Information

Fondazione Enasarco (“Enasarco”) is a Pillar II mandatory pension fund for sales, representative agents and financial advisors in Italy, managing around EUR 9,0 billion in total.

As the Enasarco Investment Team (‘Investment Team’), we are exploring investment opportunities in the private debt asset class. All proposals must meet the following mandatory and binding requirements:

Asset classAlternative
Sub-asset classPrivate Debt
Fund TypeClose Ended
Investment Strategy Direct
Main Investment Style/ Risk return profileDirect lending, Mezzanin (No Special Situations; No Distressed Debt; No Infra debt; No Real Estate Debt)
Main Geographical focusItaly
DirectiveAIFMD compliant
CurrencyEUR
ESG policyMinimum required ART 8
Target Fund Size>= Eur 150 million
Manager minimum AuM>= Eur 300 million
First Time Fund / First Time TeamExcluded if together

If you have a product that meets these characteristics, please send us a brief presentation containing the main information on:

  • Fund Manager Profile;
  • Track record;
  • New Fund Profile;
  • Next closing.

At this first phase, only a teaser presentation of the Fund and the asset manager is required, highlighting the key features mentioned above.

Any proposals received will not be in any way binding for ENASARCO Foundation, which reserves, case by case, to activate or not its selection procedures exclusively on the basis of its own discretionary assessments.

The sending of the relevant documentation by the interested party does not pre-constitute in his favour any right or commitment assumed by the ENASARCO Foundation towards him.

All proposals submitted will be evaluated by the Investment Team and subject to final approval by the Board of Directors (“Board”) of ENASARCO.

All proposals must be received by Enasarco no later than End-of-Business day, Tuesday 30th of April 2024. Late proposals cannot and will not be accepted.

  • Selection Process
  • After this first phase, managers on the long list that meet the requirements for participation in the selection process will be sent questionnaire; through the analysis of those received, an initial short list will be drawn up.
  • The short list managers will be involved in special meetings at the end of which a score will be assigned to each candidate.
  • Finally – and again with reference to the short list – the economic offers (including all direct and indirect costs) will be evaluated and a legal due diligence on the Lpa will be carried out.
  • Contacts and Inquiries

Specific inquiries regarding the RFP or generic inquiries on the selection process should be submitted via e-mail to the following contacts: selezioneprivate@enasarco.it ;  inv.alternativi@enasarco.it .

Tag di riferimento
investimenti

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