The ACCESS Pool is seeking Senior Secured Direct Lending Strategies in Europe and United States
The ACCESS Pool, which consists of assets totalling c.£45bn on behalf of participating Pension Funds, is seeking to select Senior Secured Direct Lending strategies across two distinct mandates focusing on European and US markets, respectively.
It is anticipated that the initial allocations will be c. £200 million for the European mandate and c.£150 million for the US mandate, with subsequent allocations expected and further potential growth thereafter in both cases.
The appointed funds/strategies will provide senior secured direct loans to corporates with a focus on the core middle market, to a mainly private equity sponsor-backed borrower base.
European and US Senior Secured Direct Lending investment managers with relevant capabilities are invited to submit proposals for the provision of each of the mandates to ACCESS. Further detailed information is contained in the respective set of documents which are available upon request to relevant investment managers.
Interested investment managers are invited to request the related information and documents by emailing the following addresses:
Senior Secured Direct Lending – Europe mandate:
access.europe.seniorsecured.directlending.rfp@apexgroup-fs.com
Senior Secured Direct Lending – US mandate:
access.us.seniorsecured.directlending.rfp@apexgroup-fs.com
The deadline for initial submissions will be 14:00 BST on Friday 6 September 2024.
Media enquiries:
ACCESS
Tavistock
Apex Investment Advisory
access.europe.seniorsecured.directlending.rfp@apexgroup-fs.com
access.us.seniorsecured.directlending.rfp@apexgroup-fs.com
Notes for editors
In January 2022, ACCESS appointed Apex Investment Advisory (formerly MJ Hudson before acquisition by Apex Group in May 2023) as implementation adviser for the pooling of illiquid assets including private equity, private debt, infrastructure, and real estate. As implementation advisor, Apex Investment Advisory will provide support to the Pool in selecting individual investment opportunities and investment managers to build portfolios in a range of illiquid assets.
About the ACCESS Pool
ACCESS (A Collaboration of Central, Eastern and Southern Shires) is made of 11 LGPS Administering Authorities: Cambridgeshire County Council; East Sussex County Council; Essex County Council; Hampshire County Council; Hertfordshire County Council; Isle of Wight Council; Kent County Council; Norfolk County Council; West Northamptonshire Council; Suffolk County Council; and West Sussex County Council.
ACCESS Authorities are committed to working together and have each signed an Inter Authority Agreement, setting out how they will work together in response to the Governments pooling agenda across the LGPS, and to optimise benefits and efficiencies on behalf of their individual and collective stakeholders.