$100 Million Alternatives Mandate Targets Liquid and Semi-Liquid Strategies

A Nordic institutional investor is seeking to allocate approximately $100 million annually across a select group of managers and strategies for its diversified alternatives portfolio. The investor is evaluating both liquid alternatives, including hedge funds and CTAs, and semi-liquid private markets strategies such as litigation finance, royalties, sports, media and entertainment-related investments, as well as farmland, forestry, and other natural capital assets. Under this mandate, available on Global Fund Search, the investor is explicitly excluding traditional closed-end private markets strategies, including private equity, private debt, infrastructure, and real estate.



The investor anticipates allocating approximately $100 million annually, with commitments expected to be distributed across approximately five selected managers.



Investment Objective



The primary objective is to identify managers and strategies that can provide returns and cash flow streams with low correlation to traditional public equity markets and common equity indices.



Areas of Interest



The investor is interested in a broad range of alternative strategies, including but not limited to:




Liquid alternatives

Hedge funds



Managed futures / CTAs





Private Markets (Semi-liquid only)

Litigation finance



Royalties



Sports, media and entertainment-related investments



Farmland, Forestry, and other Natural capital and environmental assets






Out of Scope



The following traditional alternative asset classes (closed-ended) are not of interest for this mandate:




Private Equity (PE)



Private Debt (PD)



Infrastructure



Real Estate (RE)




Indicative Investment Criteria




Currency: Open to all currencies, with a preference for USD or EUR



Liquidity: Preferably minimum Quarterly



Investment Vehicle: Flexible, preferably Lux-registered



Minimum Track Record: 3-5 years preferred (Open- and Closed-ended track records accepted)




Performance date (See performance upload section)




Managers are requested to provide performance data for relevant open-ended/evergreen vehicles where available.



Optional: In case of a short track record for an open-ended structure, a comparable closed-ended track record is accepted.




Process outline (indicative)




Shortlisting: Q3-4



Implementation: 2027




DeadlineJuly 09, 2026 (Cut-off: Midnight CET, Expiry date inclusive)



Questions?



Please contact [email protected]



To review the search and apply, asset managers need to register here on globalfundsearch.com and locate the respective RFPs.
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