Separately, European institutional investor is also looking for a manager to oversee a $80m investment grade corporate bond mandate. Managers applying for search QN1413 should apply the Bank of America Merrill Lynch US Corporate Index (C0A0) as a benchmark.All other criteria, including minimum AUM for similar mandates and managers, reflect search QN 1412. Applications for both searches are welcome until 6 June, stating gross of fees performance to the end of March.Meanwhile, Ireland’s National Pensions Reserve Fund (NPRF) has committed €10m to a life sciences fund managed by Lightstone Ventures.The reserve fund’s sixth investment in support of the Innovation Fund Ireland – a government initiative to support Irish start-ups with venture capital funding, will be to Lightstone Ventures I – a fund targeting early stage investments in medical device and pharmaceutical companies.NPRF chairman Paul Carty said: “The life science industry offers great potential for Ireland and Lightstone will provide emerging businesses in this exciting sector with a valuable new source of funding and expertise.”The Lightstone vehicle, targeting a raise of $170m, made its first investment in January this year.The IPE.com news team is unable to answer any further questions about IPE-Quest tender notices to protect the interests of clients conducting the search. To obtain information directly from IPE-Quest, please contact Jayna Vishram on +44 (0) 20 7261 4630 or email email@example.com. A European institutional investor is seeking an asset manager for a $80m (€58m) high yield corporate debt mandate, using IPE-Quest.According to search QN1412, the US corporate bond mandate should focus on core companies, only investing in firms that issue debt in US dollars, are listed in the US by non European Union based firms.The investment should be actively managed, with performance measured against the Bank of America Merrill Lynch US High Yield Master II Index (H0A0).Interested managers should manage at least $500m in similar mandates with a minimum track record of three years, but preferably five. The manager should furthermore have total assets under management (AUM) of $5bn.
DES MOINES — The leader of the Iowa National Guard, Major General Ben Corell, says a major deployment of Iowa soldiers is coming this year.“Over the past years the number of federal mobilizations have been relatively light. This will change in the next couple of months — as a number of Iowa Army National Guard Units will mobilize and deploy, Corell says. General Corell says there are currently around 100 soldiers and airmen deployed overseas.“By this time next year — we expect to see over 2,000 Iowa National Guard members deployed overseas,” Corell says. “They will in support of operations in the European Command, the Central Command and the Africa Command.”Corell says it has been almost ten years since this many guard members were activated for federal duty. “This will be the largest number of our personnel deployed since 2001, involving nearly 30 percent of our Iowa National Guard force structure,” according to Corell. “Based on projections, these mobilizations will begin this may, they will continue through this summer, and will complete the mobilizations by this summer. Mission requirements can and do change — but this is what we are currently expecting.”Corell announced the deployments during the annual state of the National Guard address Thursday to the Iowa Legislature. “I recognize the challenges that these deployments represent for our service members, their families, our employers and our Iowa National Guard communities. We have always been fortunate here in Iowa to have incredible support across this state,” Corell says. “We are reassured by our previous experiences as the Iowa National Guard once again prepares to send soldiers and airmen into harms way.”General Corell did not identify in his speech the specific units that will be deployed.