Japan’s National Federation of Mutual Aid Associations for Municipal Personnel, a 16.2 trillion yen (US$104 billion) pension fund known locally as Shichousonren, is seeking asset managers for its private equity, infrastructure and real estate investments.
Shichousonren’s infrastructure investments focus on global brownfield core strategies, while its real estate investments target both domestic and global core strategies, the pension fund says in an announcement posted on its website on February 20. The value of the alternative investments was not disclosed.
Asset management firms vying to be appointed have to apply through Shichousonren’s alternative investment manager entry system, a centralised platform used to evaluate and select managers on an ongoing basis. The number of firms that will be hired was not specified.
Applicants must be signatories to the United Nations-supported Principles for Responsible Investment, and their managements must not have any record of serious misconduct or insolvency.
Applications are open until March 31.
Founded in 1984, Shichousonren manages pension assets for mutual aid associations across Japan.
