Portfolio Manager – Private Markets – Local Investment Fund
Leeds (hybrid working)
Competitive Salary & Benefits
An opportunity to make a difference
At Border to Coast our purpose is to make a difference. As a customer-owned and customer-focused organisation, integrity is one of our values, as is our collaborative and sustainable approach. Our focus is to secure the pensions of over a million people who have provided valuable service to their communities and society. We’re the largest UK asset manager outside London or Edinburgh, and we provide innovative investments that deliver sustainable returns over the long term.
As part of continued growth and expansion, we’re now looking to recruit a Portfolio Manager to join our Alternatives function and lead the development and implementation of a new Local Investment capability. This is a new and innovative development that is expected to have a material positive impact on new investment across local and regional areas of the UK, of significant importance to our underlying LGPS Partner Funds.
Portfolio Manager – Private Markets – Local Investment Fund
Working jointly alongside the UK Opportunities Portfolio Manager, we are looking for a new PM to lead the development of our local investment programme. The role will require engagement with our underlying Partner Funds to understand their local investment ambitions, as well as ongoing engagement with relevant regional and mayoral authorities to identify investment opportunities aligned with those ambitions. Asset classes will be driven by Partner Funds but could include regional Private Equity, Venture Capital, Direct Lending, Housing, and Development Lending. In addition, the Portfolio Manager will also work closely with the UK Opportunities PM on the portfolio construction, due diligence and monitoring of investments comprised within the UK Opportunities fund.
We are interested in hearing from established Portfolio Managers with experience of investing across a range of alternatives asset classes via private market fund structures (and co-investments). A strong knowledge of the UK market and regionally focused managers is desirable.
Knowledge of strategies focussed on ‘additionality’, which deliver financial returns whilst contributing to the growth of the UK or regional economy would also be extremely valuable. You will be responsible for the development and delivery of our local investment capability in accordance with the Border to Coast Investment Policy, investment process, procedures and relevant legal or regulatory documentation.
Educated to Degree level and with a suitable investment management qualification, you will have relevant experience of investing into Private Market funds and ideally into local investment strategies. Day to day, leading due diligence, including reviewing investment, operational and ESG factors. You will also demonstrate clear investment decision making and portfolio and risk management experience.
With a keen interest in and understanding of investment markets, long-term investment, and a commitment to responsible investment and sustainability, you will have experience of using investment management software, problem solving and decision-making capability and strong written and verbal communication and presentation skills.
Border to Coast
Border to Coast is the largest LGPS (Local Government Pension Scheme) pool in the UK. It is owned by 11 Local Government Pension Schemes (‘Partner Funds’). The Partner Funds represent 3,000 employers and over 1.1 million members.
The Partner Funds are Bedfordshire, Cumbria, Durham, East Riding, Lincolnshire, North Yorkshire, South Yorkshire, Surrey, Teesside, Tyne and Wear and Warwickshire.
The Partner Funds have £65.3bn in investments, of which Border to Coast is responsible for managing £55.4bn (as of 31 March 2025) across equities, fixed income, private markets, and global and UK real estate.
Border to Coast’s purpose is to make a difference for the LGPS. We do this by working in partnership for a sustainable and better tomorrow through innovation, expertise, scale, and good governance.