Portfolio Manager, Private Equity and Debt

LGPS Central Limited
Wolverhampton, United Kingdom
Salary from £55,000 plus benefits depending on experience
Mar 08, 2022
Mar 10, 2022
Industry Sector
Finance - General
Employment Type
Full Time
The aim of LGPS Central Limited is to use the combined buying power of its Partner Funds to reduce costs, improve investment returns and widen the range of available asset classes for investment. We are committed to fully integrating Responsible Investment and Engagement into all our investment processes and investments.

The management of Local Government Pension Scheme funds is going through significant change, providing attractive opportunities for those who have the relevant investment experience and who want to work within a company which values integrity, trust, transparency, diversity, fairness and partnership.
LGPS Central Limited aims to be a centre of excellence and we seek candidates who share our values to help us achieve that goal.

We are a diverse and inclusive employer and welcome interest from all sections of the community.

The Role

LGPS Central Limited is now seeking to recruit a Portfolio Manager to be based in the Wolverhampton offices of LGPS Central Limited. The successful candidate will join our Private Markets team working on private equity and private debt fund and direct investments.

The role will involve originating, analysing, performing due diligence and monitoring investments.

The Private Equity team plays a key role in helping Partner Funds meet their strategic investment allocation aims as well as their return targets. The role is challenging and rewarding and requires a competent, analytical, self-starter who can effectively support the team deliver its objectives.

The ideal candidate will hold a degree level qualification and/or a relevant industry qualification with experience of and knowledge of financial analysis of private equity and / or debt investments of 5 years plus. You will be expected to continuously update your learning and knowledge in post.


Role Purpose:

This role is part of the Investment Team within the Private Equity & Debt ("PED") Group as a Portfolio Manager. Based in the Midlands (Wolverhampton), the successful candidate will report to the Senior Portfolio Manager, Private Equity & Debt.

You will work with your peers in the PED Team to support the build out of a professional, high performing investment function.
Specific responsibilities will include working on investing the PED Funds and direct investments, managing the investment portfolio, expected to reach c. £2.5bn over the next few years, and ensuring adherence to relevant responsible investment and risk and compliance policies.

This role is a certified role under the Senior Manager's Certification Regime (SMCR) and will be subject to assessments in Fitness and Propriety and any other such requirements set out by the regulator.

  • NA

  • Establishment of new fund vehicles
  • Performance management and reporting
  • Supervision of junior team members
  • Health and Safety

Delegated Authority Levels:
  • NA

Reports to:
  • Senior Portfolio Manager, Private Equity & Debt

Relationships Internal:
  • Executive Directors, Board, Non-Executive Directors, Heads of Service, Investment Directors, Portfolio Managers and other LGPSC staff

Relationships External:
  • Investor officers, shareholders, third part managers, market intermediaries, other LGPS pools

Need to do

  • Assist the PED team in the Management of the LGPS Central private equity and debt funds (expected to reach c. £2.5bn in the next 3-5 years)
  • Document and ensure that you meet the relevant investment targets of the Partner Funds.
  • Under the supervision of the Senior Portfolio Manager, PED integrate, document and maintain the Investment Committee's investment policies applicable to the asset classes / portfolios for which you are responsible, in addition to observing the house policy on Responsible Investment and Engagement.
  • Always manage risk and compliance in accordance with the Company's Risk and Compliance Framework.
  • Run your Investments in a manner which will deliver value for money for Partner Funds whilst identifying opportunities to improve the risk adjusted net returns.
  • Provide documented assurance to the Senior Portfolio Manager, PED that your investments are managed within the parameters set in the Private Placement Memorandum and the LPA, and in accordance with the Company's policies.
  • Contribute to a rigorous culture of high performing, collaborative, research based and responsible investing across the Investment Team.
  • Be an ambassador for LGPS Central within the investment community, Partner Funds, and with regulators and key stakeholders.
  • When directed by the Senior Portfolio Manager, PED, implement the creation of new external mandates or the retender or consolidation of existing external mandates.
  • Always follow the Company's manager selection, appointment, monitoring and reporting framework
  • Adhere to LGPSC Responsible Investment Policy and commitment to sustainable business practices.
  • Under the direction of the Senior Portfolio Manager, PED deliver a transparent, auditable and repeatable investment process.

Need to know

  • Experience of investment/financial analysis within private markets, especially private equity and or private debit, preferably gained with an asset manager or other financial institution.
  • Demonstrated skill in originating, analysing and recommending investments, documenting the rationale for making investments and monitoring them once selected.
  • High degree of professional ethics, integrity and gravitas.
  • Excellent judgement and analytical skills.
  • First class interpersonal, collaborative and communication skills.

  • Relevant degree and/or professional qualification
  • IMC gained and working towards CFA, CAIA or similar qualification or relevant investment experience would be a plus.

Values and Behaviours:

  • We are a great place to work
  • We are Client Focus ed
  • We are Inclusive
  • We are Ambitious

  • Open, fair and transparent, acting with integrity.
  • Doing the right thing.
  • Honest and trustworthy
  • Empowered in making right decisions
  • Collegiate and Collaborative.
  • Valuing and treating everyone equally.
  • Listening to individual ideas to support growth.

What do we offer?

We are proud to provide our people with a premium and exclusive benefits package and we are continually improving the rewards we offer. Here are a few of the valuable rewards that you will enjoy:
  • Competitive salary plus bonus
  • 30 days' paid holiday plus bank holidays
  • An extra paid Company Day in addition to paid holidays
  • Excellent Learning & Development Opportunities
  • Welfare and Family-friendly policies
  • An enhanced and generous Pension Scheme
  • Enhanced pay for new parents
  • Access to our Employee Assistance Programme- 24-7 Health & Wellbeing Support
  • Hybrid Working
  • Brand New Office Space

LGPS Central Limited provides an exciting, supportive and family-friendly working environment, and we are committed to helping our people achieve their full potential and a healthy work-life balance. We are an inclusive employer and offer equal opportunities to all regardless of an individual's age, disability, gender identity, marriage or civil partnership status, pregnancy or maternity, race, religion or belief, sex and sexual orientation. Candidates who declare that they have a disability and who meet the essential criteria for the job will be offered an interview.
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