Pension Fund Association for Local Government Officials, or Chikyoren, issued a RFP to seek managers to explore opportunities in alternatives, including infrastructure, real estate, private equity and private debt. It currently allocates 0.4 percent to alternatives while it has an upper limit of 5 percent for alternative investments.
It is also the first time for Chikyoren to expand its alternatives focus to private debt investments.
Chikyoren did not set a deadline for proposal submission. Eligible firms must manage over JPY100 billion of total assets.
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