In late March, five London-based local authority pension funds launched a £250 million ($338 million; €285 million) mandate to invest in private debt funds, their first foray into the asset class.
The task of searching out and selecting suitable managers will be managed by London-headquartered investment consultant bfinance. PDI caught up with Sam Gervaise-Jones, head of client consulting for the UK & Ireland at bfinance, to discuss the needs of these funds.
