At a Glance
- Tasks: Join a dynamic team to manage and grow Private Credit investments for local communities.
- Company: LGPS Central, a leader in sustainable investment and pensions reform.
- Benefits: Competitive salary, generous pension, 30 days holiday, and hybrid work options.
- Other info: Join a collaborative culture with excellent learning and development opportunities.
- Why this job: Make a real impact on community investments while developing your career in finance.
- Qualifications: Experience in Private Credit evaluation and strong analytical skills required.
The predicted salary is between 60000 - 80000 £ per year.
Join LGPS Central at a pivotal moment—where investment meets longterm impact. At LGPS Central, we’re at the heart of one of the most exciting shifts in the pensions and investment industry. With the Government’s Fit for Future agenda and wider pensions reform driving real change, now is the perfect time to join us and play a leading role in shaping how billions of pounds are invested for the benefit of local communities.
We are seeking a highly motivated and skilled Portfolio Manager – Private Credit to join our growing Private Markets team within the Investment function at LGPS Central. Reporting to the Senior Portfolio Manager, you will contribute to the ongoing development and oversight of the Company’s Private Credit portfolio, supporting the delivery of longterm, risk‑adjusted returns for our Partner Funds.
The Private Credit portfolio is expected to grow significantly and includes investments in corporate, infrastructure and real‑estate private debt. The role will involve detailed evaluation of investment opportunities, ongoing portfolio management and monitoring, and supporting the development of new investment strategies, in line with LGPS Central’s investment beliefs and Responsible Investment principles.
You’ll be part of a collaborative team responsible for sourcing and managing high‑quality investment opportunities while maintaining strong governance, risk control, and alignment with the needs of LGPS Central’s Partner Funds. This is a certified role under the Senior Managers & Certification Regime (SMCR) and is subject to Fitness and Propriety assessments and other regulatory requirements.
Responsibilities- Support the design and delivery of LGPS Central’s Private Credit strategy, contributing to the development of new fund vehicles, co-investment programmes, and bespoke investment structures that meet Partner Fund objectives.
- Lead on the structuring, onboarding and launch of new Private Credit funds, working closely with legal, compliance, operations and external advisers to ensure operational readiness and regulatory alignment.
- Conduct comprehensive due diligence and analysis of investment opportunities, including primary fund commitments, secondary transactions and co-investments across a range of private debt strategies.
- Prepare high‑quality investment papers, clearly articulating investment rationale, financial and credit analysis, risks, ESG considerations and value for money, and present recommendations to internal Investment Committees.
- Monitor and manage the performance of the Private Credit portfolio, including manager engagement, portfolio reviews, risk assessments, performance analysis and participation in LP Advisory Committees.
- Develop a forward‑looking risk assessment process including stress testing and scenario planning.
- Ensure all investment activity is compliant with internal governance, regulatory requirements (e.g. FCA, SM&CR) and the firm’s Responsible Investment and Stewardship policies.
- Contribute to investment pipeline tracking and strategic asset allocation reviews, ensuring a forward‑looking approach to deployment and rebalancing across mandates.
- Deliver timely, accurate reporting to internal stakeholders and Partner Funds, including performance, risk, pipeline activity and ESG metrics, with input into board and committee materials.
- Act as a subject‑matter expert within Private Credit, supporting internal training, sharing market intelligence and participating in industry events and collaborative working groups.
- Work collaboratively across LGPS Central, partnering with colleagues in the Private Markets team, Investment Operations, Risk, Compliance and Responsible Investment to support a high‑performing, research‑led investment culture.
- 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
- Proven experience in evaluating, pricing and monitoring Private Credit investment, investment origination, credit underwriting and negotiation of legal terms for primary fund commitments, co‑investments and private debt strategies.
- Strong 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.
- Degree level or equivalent.
- CFA or equivalent qualification/relevant investment experience.
- Has or can meet all the requirements of being an FCA‑approved person.
- Competitive salary; 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 Employee Assistance Programme; 24/7 Health & Wellbeing Support; Vitality Private Medical Insurance; hybrid work; 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.
Portfolio Manager - Private Credit employer: Occupop
At LGPS Central, we pride ourselves on being an exceptional employer that champions a collaborative and inclusive work culture, particularly in the dynamic field of Private Credit. Our commitment to employee growth is evident through our extensive Learning & Development opportunities, alongside generous benefits such as a competitive salary, enhanced pension scheme, and a strong focus on work-life balance with hybrid working options. Join us in the West Midlands and be part of a forward-thinking team dedicated to making a meaningful impact in the investment landscape for local communities.
StudySmarter Expert Advice🤫
We think this is how you could land Portfolio Manager - Private Credit
✨Tip Number 1
Network like a pro! Reach out to your connections in the finance and investment sectors. Attend industry events, webinars, or even local meetups. You never know who might have the inside scoop on job openings or can refer you directly to hiring managers.
✨Tip Number 2
Prepare for interviews by researching LGPS Central and their Private Credit portfolio. Understand their investment strategies and be ready to discuss how your skills align with their goals. Tailor your responses to show that you’re not just a fit for the role, but also for their company culture.
✨Tip Number 3
Practice makes perfect! Conduct mock interviews with friends or mentors. Focus on articulating your experience in evaluating and managing private credit investments. The more comfortable you are discussing your expertise, the more confident you’ll feel during the real deal.
✨Tip Number 4
Don’t forget to follow up after interviews! A quick thank-you email reiterating your interest in the position and highlighting a key point from your conversation can leave a lasting impression. Plus, it shows you’re proactive and genuinely interested in the role.
We think you need these skills to ace Portfolio Manager - Private Credit
Some tips for your application 🫡
Tailor Your Application:Make sure to customise your CV and cover letter for the Portfolio Manager role. Highlight your experience in private credit and how it aligns with LGPS Central’s investment beliefs. We want to see how you can contribute to our mission!
Showcase Your Skills:Don’t just list your qualifications—show us how you've used them! Provide examples of your analytical skills, credit risk analysis, and any successful investment strategies you've implemented. We love a good story that demonstrates your expertise.
Be Clear and Concise:When writing your application, keep it straightforward. Use clear language and structure your thoughts logically. We appreciate well-organised information that gets straight to the point—just like we do in our investment papers!
Apply Through Our Website:We encourage you to submit your application through our website. It’s the best way to ensure your application gets into the right hands. Plus, it shows us you’re keen on joining our team at LGPS Central!
How to prepare for a job interview at Occupop
✨Know Your Private Credit Inside Out
Before the interview, make sure you brush up on your knowledge of private credit. Understand the key metrics, structures, and current trends in the market. Being able to discuss specific investment strategies and how they align with LGPS Central’s objectives will show that you're not just interested, but well-prepared.
✨Prepare for Scenario Questions
Expect to face scenario-based questions that assess your analytical skills and decision-making process. Think about past experiences where you've evaluated investment opportunities or managed portfolios. Be ready to articulate your thought process clearly and how you would apply it to LGPS Central's Private Credit portfolio.
✨Showcase Your Collaborative Spirit
Since the role involves working closely with various teams, be prepared to discuss how you’ve successfully collaborated in the past. Highlight examples where you’ve partnered with legal, compliance, or external advisers to achieve a common goal. This will demonstrate that you can thrive in a team-oriented environment.
✨Communicate Clearly and Confidently
Strong communication skills are crucial for this role. Practice presenting complex information in a clear and concise manner. You might be asked to prepare an investment paper or present your analysis, so being articulate and confident will help you stand out as a candidate who can effectively convey insights to stakeholders.
