Senior Portfolio Manager - Infrastructure and Property

LGPS Central Limited is an FCA regulated asset manager and manages the pooled assets of eight Midlands-based Local Government Pension Scheme funds.

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 and
• Worcestershire Pension Fund.

LGPS Central is owned equally by all eight of its Partner Funds and is dedicated to the management of local government pension assets. LGPS Central manages assets across public and private markets both internally and through externally appointed investment managers.

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.

Position:

We are currently looking for a highly skilled and experienced Senior Portfolio Manager, Infrastructure & Property to join the Private Markets Investments team where you will play a critical role in shaping and executing our investment strategies focusing on Infrastructure & Property investments.

Based in Wolverhampton, the successful candidate will report to the Investment Director, Property. You will work with your peers in the Private Markets team to continue the growth of the Infrastructure & Property function. Specific responsibilities will include working on investing the LGPS Central Infrastructure & Property funds through both primary, co-investments and direct investments. You will also be managing the existing investment portfolios and those under advisory agreements both of which are expected to grow over the next few years. You will contribute to a rigorous culture of high performing, collaborative, analytical research based and responsible investing across the Investment team.

If you are a highly motivated and results-driven professional with a passion for Private Markets strategies, we invite you to apply for this exciting opportunity.

Key Responsibilities:

• Management of the c.£2bn Infrastructure and Property portfolios
• Develop and deliver innovative Infrastructure and Property 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 funds, co-investments and direct investments
• Present new investments to the LGPS Central Investment Committee / Private Markets Investment Committee ("PMIC") for approval
• Participate actively in the PMIC
• Overseeing and advising on investment portfolios, contributing to the investment strategy of the pool
• Under the oversight of the relevant ID/HPM, devise and deliver transparent and repeatable investment processes which meet the investment targets of the Partner Funds
• Act as the LGPS Central representative on IACs 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 in accordance with the Risk and Compliance Framework
• Work with the Responsible Investment & Stewardship team to review and analyse ESG risks for any primary fund and direct co-investments
• Provide assurance to the Head of Private Markets that the Infrastructure and Property portfolios are managed within the parameters set in the Prospectus and the IMA
• Champion a rigorous culture of high performing, collaborative, research-based investing across LGPS Central
• Line management and development of the Infrastructure and Property Team

Requirements:

Skills/Knowledge/Experience/Competence:

• Significant experience of collaborative investment decision making at a senior level, ideally in an FCA regulated environment.
• Significant experience in Infrastructure and Property investments products
• Can evaluate 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
• Able to evaluate performance and risk of investments and investment portfolios objectively
• Experience of successful management and development of high performing teams
• 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

Other information:

What do we offer?

We are a diverse and forward-looking employer and are members of the Employers Network for Equality and Inclusion. Below is a selection of benefits we offer our employees:

• 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 - 24-7 Health & Wellbeing Support
• Medical Health Cash Plan
• Hybrid Working
• Company Service Awards
• Cycle to Work Scheme
• Company Electric Vehicle Scheme
• Brand New Office Space
• 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