Portfolio Manager - Private Credit - #2081383

Portfolio Manager, Private Credit (with People Management)

Leeds (hybrid working)

Competitive Salary & Benefits

An opportunity to make a difference

At Border to Coast our purpose is to make a difference and we’re looking for a Portfolio Manager with a genuine desire to lead other investment professionals to join our award-winning Alternatives team.

As a customer-owned and customer-focused organisation, integrity is one of our values, as is our collaborative and sustainable approach. Our focus is to secure the pensions of over a million people who have provided valuable service to their communities and society. We’re the largest UK asset manager outside London or Edinburgh, and we provide innovative investments that deliver sustainable returns over the long term.

Portfolio Manager, Private Credit (with People Management)

We are looking for an experienced Portfolio Manager to join our Corporate Alternatives team (c.£13bn AUM), to support the growth of our Private Equity and Private Credit programme and lead a team of 6Assistant Portfolio Managers. This is an integral part of the Alternatives division currently totalling c.£21.3bn AUM.

You will be directly responsible for co-managing the Private Credit allocation (currently £6bn AUM) and supporting the development of our broader Alternatives portfolio. It’s an exciting time for the Alternatives team with the private market portfolios continuing to grow at pace.

The position will include:

• Evaluating new investment opportunities and managing a portfolio of investments in alternative funds.
• Leadership and development of the 6 Assistant Portfolio Managers across the Alternatives function.
• Develop strong relationships with external managers and other industry participants.
• Preparation and maintenance of extensive due diligence reports, supporting investment decision making and portfolio construction using internal and external sources of data and research.
• In addition, you will participate in investment team meetings, liaise with the research and risk team to ensure an integrated investment approach and provide feedback on the quality, depth and focus of research.

About You

We are interested in hearing from Portfolio Managers with a background and track record of investing in either Private Market funds or Private Credit. In addition, this would suit those with a genuine interest and ability in leading and developing other investment professionals

Educated to Degree level and with a suitable investment management qualification, or a willingness to work towards this, you will have relevant experience in investing into Private Equity and/or Private Credit funds, leading due diligence, including reviewing investment, operational and ESG factors. You will also demonstrate clear investment decision making and portfolio and risk management experience.

With a keen interest in and understanding of investment markets, long-term investment, and a commitment to responsible investment and sustainability, you will have experience of using investment management software, problem solving and decision-making capability and strong written and verbal communication and presentation skills.

About us

Based in Leeds, Border to Coast is the largest LGPS (Local Government Pension Scheme) pool in the UK. It is owned by 18 Local Government Pension Schemes funds (‘Partner Funds’). The Partner Funds represent nearly 5,000 employers and 2 million members.

The Partner Funds are Bedfordshire, Cumbria, Durham, East Riding, Lincolnshire, North Yorkshire, South Yorkshire, Surrey, Teesside, Tyne and Wear, Northamptonshire, Cambridgeshire, Hertfordshire, Essex, Kent, West Sussex, East Sussex and Warwickshire.

The Partner Funds have c.£120bn in investments which Border to Coast is directly responsible for the management or oversight (as of 1 April 2026).

Border to Coast Pensions Partnership Ltd is authorised and regulated by the Financial Conduct Authority. Registered in England Number: 10795539 and Registered Office: 5th Floor, Toronto Square, Toronto Street, Leeds, LS1 2HJ.

Further details can be found at https://www.bordertocoast.org.uk.