Pension Funds

Brunel Pension Partnership scouting for head of private markets

Brunel Pension Partnership, Bristol, is searching for a head of private markets to design, develop, implement and manage the newly formed firm's private markets investments.

The BPP will manage about £28 billion ($36.3 billion) on behalf of 10 local government pension scheme funds. The successful candidate will take on overall responsibility for investing more than £5 billion in assets.

A notice on the firm's website said the initial focus of the role will be on identifying and investing in a range of direct strategies "on the best terms possible," thereby moving away from a fund-of-funds approach. The candidate will then be expected to investigate and develop more direct and efficient approaches such as co-investments and joint ventures.

Other features of the role include supervising a team of five initially, managing investments across private equity and private debt, real estate and infrastructure. The head of private markets will also be required to implement the firm's commitment to responsible investment in the asset classes.

The successful candidate will also be enrolled in a defined benefit fund, as part of the LGPS.

Reporting to the Chief Investment Officer Mark Mansley, the candidate must also be willing and able to become a Financial Conduct Authority approved person.

The closing date for applications is Oct. 2. Further details are available on the BPP website.