REGULATION/LEGISLATION

Pension Protection Fund taps first head of alternatives

Tim Robson was named head of alternatives at the Pension Protection Fund, London, said a spokeswoman for the U.K. lifeboat fund.

The position is new. “We are delighted to welcome (Mr. Robson) to the team as we continue to evolve our investment capability,” said Barry Kenneth, chief investment officer at the PPF, in a statement provided by the spokeswoman. “(He) has a wealth of experience in both private equity and private debt, where he has executed and managed a number of direct investments. The expertise (he) brings will continue to help us upskill the team, evolve and expand the alternatives portfolio.”

The £23.4 billion ($30.3 billion) fund has a 22.5% strategic allocation to alternatives, covering real estate, private equity, alternative credit, infrastructure, absolute-return strategies, farmland and timberland.

Details on his most recent role could not be learned by press time.