LGPS Central Limited wraps up final closing of its first Private Equity Fund

We are pleased to announce we successfully concluded the final closing of our first Private Equity Fund on 31 January 2019.

The LGPS Central Limited 2018/19 Vintage Private Equity Fund is the result of six months of comprehensive work to find the right legal structure, obtain regulatory approval and source and implement the necessary finance, IT and operations infrastructure.

The Fund’s strategy is tailored to align with that of our Partner Funds.

The investors in the Fund are: Cheshire Pension Fund, Leicestershire County Council Pension Fund, Nottinghamshire County Council, Staffordshire Pension Fund and West Midlands Pension Fund.

Investment Director for Private Equity Omar Ghafur said: “Given that we started with a blank sheet of paper, and brought together the various parts of the organisation – Investments, Finance, Legal, Operations and Compliance – to structure and launch this Fund, I’m immensely proud we were able to conclude this process in such a short time frame.”

The Private Equity platform at LGPS Central Limited will comprise of annual vintages investing in a mix of Fund and Direct Private Equity investments with a view to reducing the high external costs associated with Private Equity, thereby enhancing risk adjusted returns.

With a recent additional hire to the team, the LGPS Central Limited Private Equity platform is well positioned to grow and deploy in excess of £2bn over the coming years.

Our Partner Funds

Cheshire Pension Fund
Nottingham County Council
Staffordshire Pension Fund
West Midlands Pension Fund
Worcestershire County Council
Derbyshire Pension Fund
Leicestershire County Council Pension Fund
West Midlands ITA
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