Portfolio Manager - Private Credit

Join LGPS Central at a pivotal moment-where investment meets longterm impact.

At LGPS Central, we're at the heart of one of the most exciting shifts in the pensions and investment industry. With the Government's Fit for Future agenda and wider pensions reform driving real change, now is the perfect time to join us and play a leading role in shaping how billions of pounds are invested for the benefit of local communities.

We are seeking a highly motivated and skilled Portfolio Manager - Private Credit to join our growing Private Markets team within the Investment function at LGPS Central. Reporting to the Senior Portfolio Manager, you will contribute to the ongoing development and oversight of the Company's Private Credit portfolio, supporting the delivery of long term, risk adjusted returns for our Partner Funds.

The Private Credit portfolio is expected to grow significantly and includes investments in corporate, infrastructure and real estate private debt. The role will involve detailed evaluation of investment opportunities, ongoing portfolio management and monitoring, and supporting the development of new investment strategies, in line with LGPS Central's investment beliefs and Responsible Investment principles.

You'll be part of a collaborative team responsible for sourcing and managing high quality investment opportunities while maintaining strong governance, risk control, and alignment with the needs of LGPS Central's Partner Funds.

This is a certified role under the Senior Managers & Certification Regime (SMCR) and is subject to Fitness and Propriety assessments and other regulatory requirements.

As our Portfolio Manager Credit, here's a flavour of what you'll get involved in:

• Support the design and delivery of LGPS Central's Private Credit strategy, contributing to the development of new fund vehicles, coinvestment programmes, and bespoke investment structures that meet Partner Fund objectives.
• Lead on the structuring, onboarding and launch of new Private Credit funds, working closely with legal, compliance, operations, and external advisers to ensure operational readiness and regulatory alignment.
• Conduct comprehensive due diligence and analysis of investment opportunities, including primary fund commitments, secondary transactions, and coinvestments across a range of private debt strategies.
• Prepare high quality investment papers, clearly articulating investment rationale, financial and credit analysis, risks, ESG considerations and value for money and present recommendations to internal Investment Committees.
• Monitor and manage the performance of the Private Credit portfolio, including manager engagement, portfolio reviews, risk assessments, performance analysis and participation in LP Advisory Committees.
• Develop a forward looking risk assessment process including stress testing and scenario planning.
• Ensure all investment activity is compliant with internal governance, regulatory requirements (e.g., FCA, SM&CR), and the firm's Responsible Investment and Stewardship policies.
• Contribute to investment pipeline tracking and strategic asset allocation reviews, ensuring a forward looking approach to deployment and rebalancing across mandates.
• Deliver timely, accurate reporting to internal stakeholders and Partner Funds, including performance, risk, pipeline activity, and ESG metrics, with input into board and committee materials.
• Act as a subject matter expert within Private Credit, supporting internal training, sharing market intelligence, and participating in industry events and collaborative working groups.
• Work collaboratively across LGPS Central, partnering with colleagues in the Private Markets team, Investment Operations, Risk, Compliance, and Responsible Investment to support a high performing, research led investment culture.

LGPS Central (LGPSC) Ltd is the FCA regulated asset manager for eight local authority pension funds across the Midlands. LGPSC is jointly owned on an equal shares basis by those Partner Fund, and it is responsible for managing £45bn+ of their assets. It is one of eight Local Government Pension Scheme (LGPS) asset pools in the UK.

LGPS Central's Partner Funds are:

The Company is committed to responsible investment and has made responsible investment a core part of the investment process in every asset class.

LGPS Central offers a friendly and diverse, hybrid working environment with a range of employee benefits. The Company moved to new premises at i9, Wolverhampton Interchange in January 2022, close to local transport links.

Our objective is to be a leading investment management company working with and for our Partner Funds. With a focus on value for money and performance we want to aspire to one of the best because this is how we will deliver the superior investment returns and low costs for our Partner Funds.

The ideal candidate will bring a strong track record and extensive experience in private debt markets, gained within an asset manager, asset…