The UK's £6.2bn Greater Manchester Pension Fund (GMPF) is tendering a new £20m private equity fund.
The new locally-focused fund is established as a successor to two existing £20m private equity funds set up in 1998 and 1995 under the title ‘Ventures North West”.
Expressions of interest are sought from experienced private equity managers who may wish to act as the long term, day to day ‘hands-on’ adviser to GMPF in respect of the £20m private equity fund targeted within the North West of England.
According to GMPF candidates must have suitable experience of middle market private equity investing, a proven track record and be prepared to maintain a local office for this purpose.
Existing funds are advised by Aberdeen Murray Johnstone Private Equity in Manchester.
According to Nigel Frisby, investments officer for the fund, Aberdeen is expected to register their interest in the new brief. Aberdeen were unavailable for comment at press time.
The deadline for applications is June 22.
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