Newham Pension Fund taps 3 managers for private debt

Newham Pension Fund, London, hired three managers to run £110 million ($137.7 million) in private debt.

The £848 million pension fund hired Permira Debt Managers, BlueBay Asset Management and Brightwood Capital Advisors to run the allocation, said a filing with European procurement website Tenders Electronic Daily.

The pension fund launched a search in November.

Spokesmen for the pension fund’s administering authority and its investment consultant, bfinance, did not respond to requests for comment by press time.