Senior Portfolio Manager - Private Markets

LGPS Central; West Midlands; Hybrid; GBP 70,000 - 90,000; Full time

Job summary

An investment management company in Wolverhampton seeks a Senior Portfolio Manager to oversee the management of Private Credit and Private Equity portfolios. The successful candidate will have substantial experience in these areas and will contribute to investment strategies while leading a high-performing team. This role offers competitive salary and a range of employee benefits in a dynamic working environment.

Benefits

Competitive salary

Generous Pension Scheme

30 days' paid holiday

Paid volunteering days

Excellent Learning & Development Opportunities

Vitality Private Medical Insurance

Company Electric Vehicle Scheme

Qualifications

• Significant experience in collaborative investment decision-making at a senior level.
• Substantial experience in Private Credit and Private Equity investments.
• Able to evaluate investment performance and risk objectively.
• Direct experience managing investment portfolios successfully.

Responsibilities

• Assist in managing the Private Credit and Private Equity portfolios.
• Develop strategies for the Partner Funds based on market developments.
• Originate and conduct due diligence on investment products.

Skills

Collaborative investment decision-making

Private Credit experience

Private Equity experience

Interpersonal skills

Analytical skills

Education

Degree level or equivalent

CFA or equivalent qualification

Job description

Join LGPS Central at a pivotal moment-where investment meets long term impact.

WearelookingforadynamicandexperiencedSeniorPortfolioManagertojoinourInvestmentteamwithinthePrivateMarkets("PM")group.ThisisafantasticopportunityforsomeonewithastrongbackgroundinPrivateEquityandPrivateCreditinvestmentstotakeonapivotalroleindrivingthegrowthandsuccessofthesefunctions.

BasedinWolverhampton,youwillbepartofahigh-performingteam,workingcloselywithcolleaguestomanageandexpandinvestmentportfoliosthatarekeytoourlong-termstrategy.

Ifyou'rereadytocontributetotheevolutionofPrivateEquityandPrivateCreditinvestmentsandthriveinafast-paced,collaborativeenvironment,wewanttohearfromyou.

ThisroleisacertifiedroleundertheSeniorManager'sCertificationRegimeandwillbesubjecttoassessmentsinFitnessandProprietyandanyotherregulatoryrequirements.

What you'll be doing :

• Assist with the management of the Private Credit and Private Equity portfolios
• Develop and deliver innovative Private Credit and Private Equity strategies which meet the needs of the Partner Funds, keeping strategies under review considering market developments
• Origination, analysis, due diligence, legal review and negotiation (working with internal and external counsel), execution, and post-execution active monitoring and management of primary and secondary funds and direct co-investments
• Present new transactions to the LGPS Central Investment Committee for approval
• Participate actively in the Private Markets Investment Committee (PMIC), overseeing and advising on investment portfolios, contributing to the investment strategy of the pool, and devising, and delivering transparent and repeatable investment processes which meet the investment targets of the Partner Funds
• Act as the LGPS Central representative on Limited Partner Advisory Committees of external funds, where relevant
• Lead the development of future funds to be launched by LGPS Central
• Act as an ambassador for LGPS Central, for example through attendance or speaking at relevant conferences
• Follow the manager selection, appointment, monitoring and reporting framework
• Manage risk and compliance per the Risk and Compliance Framework
• Work with the Responsible Investment & Stewardship team to review and analyse ESG risks for all fund commitments and direct co-investments
• Provide assurance to the Chief Investment Officer and the Investment Committee that the Private Equity and Private Credit portfolios are managed within the parameters set in the Prospectus and any Investment Management Agreement
• Champion a rigorous culture of high-performing, collaborative, research-based investing across LGPS Central
• Line Management and development of the Private Equity and Private Credit team's junior staff

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 Fund, 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.

LGPS Central's Partner Funds are :

• 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

The Company is committed to responsible investment and has made responsible investment a core part of the investment process in every asset class.

LGPS Central offers a friendly and diverse, hybrid working environment with a range of employee benefits. The Company moved to new premises at i9, Wolverhampton Interchange in January 2022, close to local transport links.

Our objective is to be a leading investment management company working with and for our Partner Funds. With a focus on value for money and performance we want to aspire to be one of the best because this is how we will deliver the superior investment returns and low costs for our Partner Funds.

Requirements

• Significant experience of collaborative investment decision-making at a senior level, ideally in an FCA regulated environment
• Substantial experience of Private Credit and Private Equity investments, including fund and co-investment products
• Able to evaluate the performance and risk of investment portfolios objectively
• Experience of contributing to policies on the selection of investments, portfolio construction and portfolio monitoring and reporting
• Direct experience of successfully managing investment portfolios
• Experience of successful management and development of high-performing teams
• A high degree of professional ethics, integrity and gravitas
• Excellent judgement and analytical skills.
• First-class interpersonal, people management and communication skills

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

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
• 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
• Nominees of the Family Friendly Employer of the Year 2022 Personnel Today Awards 2022
• Winner of the Cultural Awareness Initiative of the Year FT Advisors Diversity in Finance Awards 2023
• Winner of Diversity and Inclusion Award LAPF In Investments Award 2023