Pension Funds

Brunel Pension Partnership chooses private markets head

Richard Fanshawe was named head of private markets for Brunel Pension Partnership, Bristol, England, said a spokeswoman.

Brunel was created to manage about 28 billion ($38 billion) in pooled assets for 10 local government pension scheme funds.

The hire is effective Feb. 1. Brunel launched a search in September. At the time, a document said the successful candidate would design, develop, implement, manage and take on overall responsibility for investing more than 5 billion in private markets investments.

Mr. Fanshawe "brought us the ideal mix of technical experience, with 11 years of experience across a broad range of different assets classes, including eight years as a fund and portfolio manager focused on direct equities, private equity, infrastructure and credit strategies," said Dawn Turner, CEO of Brunel, in a news release. "Competition was robust, but (he) was the unanimous choice."

Brunel is looking for more investment professionals to join the pool.

Mr. Fanshawe was a fund manager at the 4.4 billion Derbyshire County Council Pension Fund, Matlock, which has joined the 35 billion Central Pool. Spokesman for Derbyshire County Council said Mr. Fanshawe hasn’t been replaced.