VIDEO: ‘Why is 30% of our portfolio yielding 2%’?

Trevor Castledine reflects on his career to date as an LP, including his time spent reshaping allocations at the Lancashire County Pension Fund.


When Trevor Castledine arrived at the Lancashire County Pension Fund after spending 20 years working in structured in the City of London, he found a large proportion of the portfolio was dedicated to low-performing fixed income. He went onto become something of a pioneer for private debt in the UK by moving a significant pool of capital into the burgeoning asset class. Here, he reflects on how it happened – as well as revealing his thoughts about management fees, his principles as an LP and what advice he would give to anyone thinking of a similar career today.