Pension fund seeks manager to invest up to £130m

NORTH Yorkshire Pension Fund has appointed an investment consultancy to help it recruit a fund manager to invest up to £130m.

The pension fund will work with bfinance to find, review and appoint a direct lending fund manager with European mid-market experience.

One or two fund managers will be chosen to assist North Yorkshire Pension Fund to invest £120m-£130m in a fund, or funds, focused on investing in private corporate debt.

Alexandra Martinez, director at bfinance, said: “We welcome our continued partnership with North Yorkshire Pension Fund. bfinance and our specialist asset management team will provide North Yorkshire Pension Fund with a thorough and tailored analysis of the proposals received, allowing for fully informed decision to be taken.”

 

The deadline to be considered is February 17, 2016.