Senior Portfolio Manager - Local Investments

Join LGPS Central at a pivotal moment—where investment meets long term impact. We’re looking for a Senior Portfolio Manager – Local Investments to help build and manage our new local investment fund(s) and services. This role is central to delivering LGPS Central’s Fit for the Future plan, supporting regional growth and the Government’s ambition for more local investment through pooling. If you have strong private markets experience and a passion for creating positive local impact, this could be the next step in your investment career.

What you’ll be doing:

• Lead the structuring and delivery of local investment fund(s) and services, working with internal teams and external advisors to ensure products meet investment objectives, government requirements and legislation.
• Conduct comprehensive due diligence and analysis of investment opportunities including but not limited to primary fund investments, co-investments across the capital structure and across asset classes.
• Monitor and manage the performance of local investments including legacy assets held by Partner Funds.
• Build & maintain relationships with appropriate market participants (e.g. fund managers, advisors, local authorities, combined authorities and other stakeholders).
• Develop a robust decision-making framework for the allocation of assets to the local investment portfolio.
• Support local investment reporting needs of Partner Funds, including assessment of local economic, social and environmental impact.
• Contribute to the integration and maintenance of the house view on local impact.
• Keep strategies under review considering market, government and local developments.
• Participate actively in the Investment Committee (IC), overseeing and advising on investment portfolios.
• Be an ambassador for LGPS Central within the investment community, Partner Funds, and with regulators and key stakeholders.
• Champion a rigorous culture of high performing, collaborative, research-based investing across LGPS Central.
• Line management responsibility and development of the Local Investment team.

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. 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.

Requirements:

• The successful candidate will have a strong background in private markets ideally within an asset management setting, with exposure to pension fund or other institutional portfolios.
• Proven experience in making and managing local investments across private markets.
• Strong communication skills capable of articulating local private market portfolio construction and investment selection skills.
• Strong analytical, financial modelling, and presentation skills, with the ability to distil complex information into clear, actionable insights.
• Experience of collaborative investment decision making and portfolio management at a senior level.
• First class interpersonal, people management and communication skills.
• High degree of professional ethics, integrity, and gravitas.

Qualifications:

• Degree level or equivalent.
• 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:

• An enhanced and generous Pension Scheme.
• An extra paid Company Day in addition to paid holidays.
• Welfare and Family friendly policies.
• Enhanced pay for new parents.
• Access to our Employee Assistance Programme 24/7 Health & Wellbeing Support.
• Vitality Private Medical Insurance.
• Hybrid Working.
• Company Service Awards.
• Cycle to Work Scheme.
• Company Electric Vehicle Scheme.