Access tenders £350m in senior secured direct lending
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Local Government Pension Scheme pool Access is seeking senior secured direct lending strategies in Europe and the US. Apex Group advises the fund on the search. The deadline for initial submissions is 14:00 BST on 6 September.
The £45bn asset pool for 11 local authorities has two mandates up for grabs to cover the two geographies.
The pool anticipates that the initial allocations will be c. £200m for the European mandate and c.£150m for the US mandate, expecting there to be further allocations and potential growth in both cases.
Successful asset managers will have strategies providing senior secured direct loans to corporates with a focus on the core middle market, to a mainly private equity sponsor-backed borrower base. Further information can be found in the respective set of documents, according to the fund. These are available on request.
Interested investment managers are invited to request the related information and documents by emailing the following addresses:
Senior Secured Direct Lending – Europe mandate:
Senior Secured Direct Lending – US mandate:
Apex is the implementation adviser for the pooling of illiquid assets at Access, including private equity, private debt, infrastructure, and real estate, and supports the pool in selecting managers of illiquid strategies.
