URL: https://tameside.moderngov.co.uk/ieDecisionDetails.aspx?ID=2701

Decision Maker: Chief Executive of the Greater Manchester Pension Fund

Outcome: Recommendations Approved

Is Key Decision?: No

Is Callable In?: No

Purpose: The Panel has allocated up to 5% of total assets to Private Debt. The report includes an analysis of the required pacing of commitments necessary to meet the target allocation within a reasonable and sensible timeframe, whilst also prescribing appropriate diversification targets on the portfolio.  The Private Markets team is responsible for selecting managers and funds consistent with the approved strategy. The Chief Executive has delegated authority to sign off investments of this nature.

Content: The Panel has allocated up to 5% of total assets to Private Debt. The report includes an analysis of the required pacing of commitments necessary to meet the target allocation within a reasonable and sensible timeframe, whilst also prescribing appropriate diversification targets on the portfolio.  The Private Markets team is responsible for selecting managers and funds consistent with the approved strategy. The Chief Executive has delegated authority to sign off investments of this nature. RESOLVED That an investment of $80 million (approximately £60 million) in an Investment Fund focussed on high returning credit related investments be approved.

Date of Decision: August 4, 2025