Nest has today invited expressions of interest for the provision of a US corporate direct lending investment mandate. This initiative aims to further build Nest’s investment portfolio in private direct lending to the US corporate middle market. The mandate will primarily target senior and unitranche private loans which will finance primarily private equity sponsored unlisted companies across various sectors, including healthcare, technology, consumer, and industrial.
Stephen O’Neill, Head of Private Markets at Nest, said:
“By targeting the US middle market, we aim to capitalise on the attractive yield premium that typically comes from this asset class.
“At Nest, it is our ambition to have up to 30% of our AUM invested in private markets by 2030 and this mandate will help us on that journey. This new mandate search aligns with our commitment to helping deliver strong, stable returns for our members.
“We look forward to receiving the submissions and developing a partnership with the successful bidder.”
Nest Corporation invites interested parties to participate in the tender process, which will be conducted through Nest’s procurement platform. The deadline for receipt of tenders is February 21, 2025.
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