ERAFP appoints RE manager

The €30 billion French public pension fund makes a further push into real estate investing by awarding a mandate.

Établissement de Retraite additionnelle de la Fonction publique (ERAFP) has appointed Ampère Gestion as its real estate investment manager.

The appointment is the result of a manager search launched in May 2017 and will help ERAFP to further raise its real estate exposure. Ampère Gestion will be given a minimum commitment of €200 million over the first three years and the investments are to be made for a long-term hold.

In addition, ERAFP has chosen La Française and Swiss Life REIM as its standby mandates.

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