procureprocess

Private Equity/Non-Discretionary Advisory Services

ProcureProcess - UN Secretariat Others Non Governmental 2025-01-09 to 2025-01-31
The UNJSPF is an internally managed fund, with over US $88 billion under management as of 31 December 2023. At the same date, the Fund’s assets were invested in 28 currencies and in 44 countries (including emerging markets), in regional institutions and international institutions, and in institutional investment trusts. Since 2010, the UNJSPF has committed approximately $12.0 billion in 136 active Private Equity/Credit funds managed by 46 private equity managers covering Buyouts, Growth Capital, Special Situations and Secondaries strategies. The Private Equity/Credit portfolio was valued at [$7.5B] as of 12/31/23. The platform also launched a co-investment program in 2021 and currently, has a portfolio of 18 deals invested alongside 10 existing managers. Private Credit is a new strategy for the Fund and expect to initially seed the portfolio with $1B in commitments/deployments during the next few years. The Office of Investment Management (OIM) of the UNJSPF is seeking Advisory Services for its Private Market’s portfolio on a non-discretionary basis. The Fund is specifically seeking proposals for the following Private Equity and Private Credit strategies. The Advisor will make recommendations for both or either investment strategy for the Fund. Services required will be (among others): (i) assist with selection of managers, (ii) provide recommendations for specific funds based on appropriate due diligence, (iii) monitor investments after they are made, (iv) provide summary reporting on those investments on a quarterly basis and reconcile them with the Fund’s Reporting Agent, (v) meet with the Fund’s Investment Committee and OIM staff as needed, (vi) prepare special analyses as requested by the OIM staff related to industry changes on such topics as benchmarking, fee structures, and Private Equity/Credit investment trends, (vii) monitor portfolio risk and other aspects of the portfolio deemed valuable by the OIM staff for management of the Private Equity/Credit portfolio, (viii) maintain regular communication with OIM staff, which would include frequent telephone consultations as required by the advisor and/or staff to effectively accomplish all the services required by this RFP. The UNJSPF is seeking an Advisor for both Private Equity and Private Credit strategies and will consider separate Advisors for each strategy. OIM intends to have contracts with potential advisors for an initial period of 1 year with two optional extension of one year each (3+1+1 years).

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