Border to Coast Pensions Partnership (BCPP), United Kingdom: Multi-Asset Credit Manager Search -PIN

The      Border to Coast Pensions Partnership (BCPP) in the United Kingdom issued a prior information notice for a        Multi-Asset Credit Manager Search.

Following the launch of BCPP's UK Equity Alpha Fund in Q4 2018 and forthcoming Global Equity Alpha Fund in Q3 2019, Border to Coast will soon begin the manager selection process for their forthcoming fixed income funds. They will be focusing on UK Investment Grade Credit and global Multi-Asset Credit, which are expected to launch in Q4 2019 and H1 2020 respectively. The funds are each expected to have assets under management of GBP2000 million — GBP3000 million at launch.
This Prior Information Notice relates specifically to investment management services for the Investment Grade Credit fund, where BCPP have been working closely with their LGPS Partner Funds to ensure the structure, risk and return objectives best meet their needs. BCPP will be seeking 2–3 active managers with a long-term, low-turnover approach, focusing on high-quality credit selection.
Border to Coast will hold a fixed income manager day on 17.6.2019 to provide further detail on both mandates.
They will be covering:
— an update on Border to Coast,
— the proposed structure of the Investment Grade Credit Sub-Fund,
— the proposed structure of the Multi-Asset Credit Sub-Fund,
— details on BCPP's approach to selection and working with external manager partners,
— Q and A.
Please note that the manager day will be focused entirely on fixed income and thus BCPP would only encourage those interested in submitting a mandate for either fund to attend. BCPP will not be discussing equities or private markets. If you wish to submit your interest for the manager day, please contact Border to Coast on      events@bordertocoast.org.uk. Please include [Fixed Income] in the subject line.

Estimated date of publication of contract notice: 31/12/2019

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