Mandate roundup: IPE-Quest, NPRF, Lightstone

first_imgSeparately, 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 jayna.vishram@ipe-quest.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.last_img read more

Rainy Season Woes

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Go back to the enewsletter Small Luxury Hotels of

first_imgGo back to the enewsletterSmall Luxury Hotels of the World (SLH) is adding five new properties to its collection in February and March 2019, including two mountain lodges.They include:Quinta Da Comporta Wellness Retreat, Comporta, Portugal61 Deluxe rooms, four Pool Villas and three bedrooms from AU$254 per night including breakfast.Opens 15 March 2019Nestled on a 17-hectare estate surrounded by umbrella pines and cork trees, wild sand dunes, rice fields and over 60 kilometres of pristine, white-sand beaches, the hotel features whitewashed walls and cool-toned touches, reflective of both traditional Portuguese style and contemporary design. Each room has a luxurious beach hut feel, with rustic-style furniture drawn from a natural colour palette and sun-bleached woods that merge seamlessly with the hotel’s beautiful surroundings.Faarufushi Maldives, Raa Atoll, Maldives80 rooms from AU$1,215 per night including breakfast and dinner.Opens March 2019Bringing barefoot luxury to the remote northern Raa Atoll, Faarufushi Maldives will welcome guests from March 2019 with 80 spacious villas that offer a striking realisation of contemporary design amid a naturally stunning seascape. Hidden among palm trees are 10 Beach Bungalows and 27 Beach Retreats, while 39 sleek Ocean Retreats with Pool are positioned over the island’s sparkling azure lagoon. For the ultimate indulgence, the Island Residence comes complete with an individual expansive infinity pool overlooking its very own stretch of the Indian Ocean.Hotel Nantipa, Santa Teresa de Cobano, Costa Rica15 rooms from AU$507 per night including breakfast.Opens February 2019Immersed in the surf culture of Santa Teresa on the Nicoya Peninsula, Hotel Nantipa is set to make waves in this picturesque part of Costa Rica with every design element inspired by the ocean and the sky, right down to its name, which means ‘blue’ in the native Nicoya tribal language. The cloud-nine boutique retreat offers beach-edge suites and bungalows with hammocks and garden, pool or ocean views, ensuring guests have the sand between their toes and the sound of the sea in their ears from dusk till dawn. Beautifully positioned right on the beach, Nantipa’s restaurant serves creative Costa Rican cuisine with a side of sunset views.Hotel Schweizerhof, Zermatt, Switzerland95 rooms from AU$541  per night including breakfast.Reopened 21 December 2018Recently acquired by Michel Reybier, the iconic Schweizerhof Zermatt is located at the foot of the Matterhorn in the heart of The Alps. The hotel was reopened on 21 December, transformed and ready for the 2019 ski season. The new style is warm and bold, with alpine charm including soft rugs and timber finishings which are present throughout. The Spa by Schweizerhof offers an exclusive list of spa treatments created with cosmeceutical products from Nescens, the Swiss anti-ageing science. Guests will also be kept entertained with an indoor swimming pool, three saunas open 24/7, a Turkish bath and a fitness centre, while yoga masterclasses and a private fitness coach are also available. Hotel Montchalet, South Tyrol, Italy17 rooms from AU$713 per night including breakfast.Set in the idyllic mountain village of Ortisei in Val Gardena, Hotel Montchalet is surrounded by the soaring natural wonders of the Dolomites, a UNESCO World Heritage Site. The property combines four ranges of luxury suites (Silver, Gold, Platinum and VIP) featuring pebble tones and crisp whites, silver tints and charcoal accents alongside beautifully exposed wood. Some of the suites even include their own private, infrared saunas, as well as steam baths and outdoor Jacuzzis. Its spa and wellness area has been designed to ensure deep relaxation boasting facilities such as futuristic floating sunbeds by NU RELAX, an indoor pool, experience showers and a fitness area with Technogym machines.Lead image: Faarufushi Maldives – a new member of Small Luxury Hotels of the WorldGo back to the enewsletterlast_img read more