Issue - meetings
Presentation from London CIV on Private Debt II
Meeting: 19/02/2025 - Brent Pension Fund Sub-Committee (Item 13)
Presentation from London CIV on Private Debt II
The Sub-committee to receive a presentation from London CIV regarding Private Debt.
Minutes:
The Chair welcomed Silvia Knott-Martin & Raymond Wright representing (London CIV), who he advised had been invited to attend the meeting in order to provide a presentation (in advance of consideration of the Private Debt Allocation item) on development of the LCIV Private Debt Fund II.
The presentation included details on development of the Fund along with its underlying strategies, key terms, Manager selection process, construction of the portfolio along with underlying investments, fund terms and fee negotiation. Issues raised by members during the presentation included an assessment of the projected rate of return, flexibility of the Fund and options available in relation to the structure, diversification and construction of the investment portfolio with the Sub Committee, having noted the responses provided, thanking Silva Knott-Martin and Raymond Wright for the presentation.