Portfolio Manager - Private Credit

LGPS Central; West Midlands; On-site; GBP 80,000 - 100,000; Full time

Job summary

A leading asset manager in the West Midlands is seeking an experienced private credit investment professional. The role involves evaluating and monitoring private credit investments and engaging with stakeholders to ensure effective investment execution. Candidates should possess a strong track record in private debt markets, analytical skills, and relevant qualifications such as a CFA. This position comes with an attractive benefits package, including a competitive salary and opportunities for professional development.

Benefits

Competitive salary

Enhanced Pension Scheme

30 days paid holiday plus bank holidays

Excellent Learning & Development Opportunities

Hybrid Working

Qualifications

• Strong experience in private debt markets, especially within asset management.
• Proven ability in evaluating and monitoring private credit investments.
• Solid grasp of credit risk metrics and investment documentation.

Responsibilities

• Evaluate and price private credit investments.
• Manage stakeholder relationships and coordinate with external managers.
• Produce clear reports and papers for investment committees.

Skills

Evaluating private credit investments

Credit risk analysis

Financial modeling

Stakeholder management

ESG integration awareness

Excellent communication skills

Education

Degree level or equivalent

CFA or equivalent qualification

Job description

About us

LGPS Central (LGPSC) Ltd is the FCA‑regulated asset manager for eight local authority pension funds across the Midlands. LGPSC is jointly owned on an equal shares basis by those Partner Funds, and it is responsible for managing £45bn+ of their assets. It is one of eight Local Government Pension Scheme (LGPS) asset pools in the UK.

Partner Funds

• Cheshire Pension Fund
• Derbyshire Pension Fund
• Leicestershire Pension Fund
• Nottinghamshire Pension Fund
• Shropshire Pension Fund
• Staffordshire Pension Fund
• West Midlands Pension Fund
• Worcestershire Pension Fund

What 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.

• Competitive salary
• An enhanced and generous Pension Scheme
• 30 days' paid holiday plus bank holidays
• 2 days paid volunteering days
• An extra paid Company Day in addition to paid holidays
• Excellent Learning & Development Opportunities
• Welfare and Family‑friendly policies
• Enhanced pay for new parents
• Access to our Employee Assistance Programme 247 Health & Wellbeing Support
• Vitality Private Medical Insurance
• Hybrid Working
• Company Service Awards
• Cycle to Work Scheme
• Company Electric Vehicle Scheme

Requirements

The ideal candidate will bring a strong track record and extensive experience in private debt markets, gained within an asset manager, asset owner, investment bank, advisor or rating agency. Experience working with or on behalf of pension funds or other institutional investors is highly desirable. The successful individual will demonstrate:

• Proven experience in evaluating, pricing and monitoring Private Credit investment, investment origination, credit underwriting and negotiation of legal terms for primary fund commitments, coinvestments, and private debt strategies
• Solid understanding of credit risk analysis, credit risk metrics, covenant structures, investment documentation, and portfolio construction principles
• Familiarity with relevant regulatory and operational frameworks such as AIFMD, FCA regulations, and private markets fund structures (e.g. LPAs, term sheets)
• Strong analytical, financial modelling, and presentation skills, with the ability to distil complex information into clear, actionable insights
• Stakeholder management and collaborative working with external managers, legal advisers, and internal stakeholders to ensure effective investment execution and oversight
• Awareness of ESG integration and responsible investment practices in credit portfolios
• Excellent communication skills with the ability to produce clear, well‑structured reports and investment committee papers
• A collaborative and professional approach, aligned with LGPS Central's values of transparency, rigour, and long‑term sustainable investing

Qualifications

• Degree level or equivalent
• CFA or equivalent qualification / relevant investment experience
• Has or can meet all the requirements of being an FCA approved person