Purpose

The Panel approved an allocation
of 1-2% of total assets to the Impact Investment portfolio on 11
July 2025. The report included an analysis of the required pacing
of commitments necessary to meet the target allocation within a
reasonable timeframe, whilst also prescribing appropriate
diversification targets on the portfolio. The Local Investments
team is responsible for selecting managers and funds consistent
with the approved strategy. The Director has delegated authority to
sign off investments of this nature.

Content

APPROVED

 

A commitment of
£20m to a regional private equity fund, subject to
satisfactory completion of outstanding legal
documentation. 

Alternative options considered

The Local Investments team
regularly review private equity funds and Managers on an on-going
basis. Recent competitor funds have been assessed but not
progressed at this stage.