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About LPPI (-%About LPPI)

One of the key priorities at LPPI is ensuring that our people work every day in an empowered, supportive, diverse and inclusive culture. Practically, this means recognising and valuing the uniqueness of every individual in terms of background, experience, beliefs and circumstances. This starts with the recruitment process, where we partner with agencies who share our common goal and advertise on a variety of job boards to access the broadest spectrum of candidates. And once successful applicants are on board, we trust our people to work in the way that works best for them which typically involves a mix of office and home working plus an engagement model to ensure frequent two-way feedback.

We are very proud of our culture at LPPI and the benefits it brings to both our people and the business. But don’t just take our word for it! Recently, we invited our entire workforce to describe in three words what is great about us and they said – our people, flexibility and collaboration.

If you would like to join a company that is inclusive and forward-thinking, please read on.

Role Purpose (-%Role purpose)

Portfolio Manager, Infrastructure (“PM”) is responsible for leading the underwriting and monitoring for the indirect funds activities of the LPPI Infrastructure Pooling Vehicle (“IPV”) at Local Pensions Partnership Investments (“LPPI”). The role is responsible for managing client capital committed to the IPV; this includes setting portfolio construction objectives, managing deployment and redemptions, working with direct infrastructure team colleagues and collaborating across the external manager and wider LPPI investment team to meet client requirements. The PM will be accountable for monitoring and reporting on the performance of the IPV, including directs as well as the balance sheet positions held by clients. The PM is tasked with ensuring that client commitments are invested, and the portfolio is managed in accordance with LPPI’s and clients’ strategic objectives, policies and relevant regulations.

Key Responsibilities (-%Key responsibilities)

• Setting strategy and implementation for the IPV, including portfolio construction, mix of funds, co-invest and direct investments (noting that GLIL commitments are treated as direct for these purposes); working in conjunction with senior colleagues;
• Responsible for sourcing and underwriting opportunities in funds and co-investments, making portfolio management recommendations for the IPV
• Ensuring that the IPV investment monitoring activities are performed to a high standard by the team;
• Managing and mentoring the indirect Infrastructure team
• Maintaining knowledge of the universe and networks, includes attending relevant conferences and events for infrastructure sector, as well as attending advisory committees, meetings and site visits;
• Supporting underwriting, investment decisions and monitoring as appropriate relating to indirect infrastructure covering other LPPI managed vehicles such as the Environmental Opportunities Fund (“EOF”) and the London Fund;
• Participate in marketing for both internal and external client activities;
• Working with internal LPPI teams to ensure that the IPV is managed in line with policies, the mandate objectives and restrictions including Responsible Investment commitments

Requirements for the role (-%Requirements for the role)

• Significant experience in sourcing, underwriting and managing infrastructure investments with third party fund managers;
• Significant experience of evaluating fund managers is a must, experience in co-investments a positive.
• Experience of making infrastructure investment recommendations, portfolio management and decision-making experience a positive
• Strong technical knowledge of Infrastructure investment strategies and relevant fund manager universes.
• Capability to deliver and operate within an institutional investment process, applying sound principles and developing improvements where appropriate;
• Highly effective communication, influencing and relationship management skills including personal credibility in delivering strategic information to peers, senior decision makers in LPPI and to relevant committees to facilitate high level decision making;
• The ability to build positive and productive working relationships with a variety of internal and external parties, including investors, advisers and clients;
• Excellent level of numerical, analytical and report writing skills
• A proactive, self-motivated team player who has the ability to handle a workload with multiple deadlines ensuring expectations are managed throughout;
• Advanced people management skills with the ability to lead, mentor and motivate more junior team members.
• Promotes positive behaviour through own actions and attitude with the ability to deliver solutions within a team environment and be a flexible and supportive team player;
• An understanding of the breadth of the diversity agenda including embedding good practice and an understanding of LPPI’s commitment to combating discrimination and promoting equality of opportunity.
• Good conduct that is consistent with the LPPI values- aligned behaviours

Reasonable adjustment will be made to working arrangements to accommodate a person with a disability who otherwise would be prevented from undertaking the work.