Decision
Analysis
outcome: The recommendations were approved.
summary: The decision involves approving a commitment of £40m to a regional private equity fund.
topline: The Chief Executive of the Greater Manchester Pension Fund has decided to approve a £40m commitment to a regional private equity fund.
reason_contentious: This decision may be contentious as it involves a significant financial commitment and may impact various stakeholders.
affected_stakeholders: ["Chief Executive of the Greater Manchester Pension Fund", "Local Investments team", "Managers and funds selected for investment"]
contentiousness_score: 6
political_party_relevance: There are no mentions or implications of political parties in the decision.
URL: https://tameside.moderngov.co.uk/ieDecisionDetails.aspx?ID=2677
Decision Maker: Chief Executive of the Greater Manchester Pension Fund
Outcome: Recommendations Approved
Is Key Decision?: No
Is Callable In?: No
Purpose:
Content: To APPROVE, a commitment of £40m to a regional private equity fund, subject to satisfactory completion of outstanding legal documentation. The Panel approved an allocation of up to 1-2% of total assets to the Impact Investment portfolio on 19 July 2024. 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.
Date of Decision: July 7, 2025