ERAFP awards nine asset management mandates for unlisted private equity and infrastructure.

Paris, 13 August 2026 – Following the call for tenders launched in March 2025 as part of the continued diversification of its investments, l’Établissement de Retraite additionnelle de la Fonction publique (ERAFP) has awarded nine asset management mandates covering unlisted private equity and infrastructure investments.

These mandates form part of the long-term diversification strategy for the RAFP’s asset portfolio. They aim to support performance and ensure the fund’s long-term ability to meet its obligations, while adhering to ERAFP’s responsible management requirements and climate commitments. Investments in private equity and infrastructure funds also contribute to financing the real economy. The Institution has structured this procurement around four mandates covering key opportunities in unlisted assets, with a total target value of €1.6 billion over the contract term. 

Lot 1, focused on private equity in Europe, represents an indicative target allocation of €700 million. Lot 2, dedicated to private equity in North America, corresponds to an indicative envelope of €300 million. In the infrastructure sector, Lot 3—covering infrastructure in the OECD zone—represents a target amount of €400 million, while Lot 4, dedicated to ecological transition infrastructure in Europe and globally, has an indicative target allocation of €200 million.

At the conclusion of the selection process, ERAFP selected the following management companies:

• Lot 1 – European Private Equity: Access Capital Partners and Ardian were awarded active mandates. Schroders was selected as the "stand-by" manager.
• Lot 2 – North American Private Equity: Schroders was selected for the active mandate and Ardian for the "stand-by" mandate.
• Lot 3 – OECD Infrastructure: Amundi was selected for the active mandate and BlackRock for the "stand-by" mandate.
• Lot 4 – Ecological Transition Infrastructure: Access Capital Partners was selected for the active mandate and SWEN Capital Partners for the "stand-by" mandate.

Managers selected as holders of "stand-by" mandates may be activated by ERAFP to support evolving needs and enhance the diversification of its investments.