Global investment solutions provider Russell Investments has been appointed by the Wales Pension Partnership (WPP), the pooling entity for the eight Wales LGPS funds, to develop a private credit investment programme following a competitive tender process, run by bfinance and Carmarthenshire County Council (the host authority).
The appointment expands WPP’s existing partnership with Russell Investments, which was first appointed as WPP’s investment management solutions provider in 2018.
In managing WPP’s private credit solution, Russell Investments will leverage its strategic partnership with leading private markets investment management firm Hamilton Lane (NASDAQ: HLNE), which provides innovative solutions to institutional and private wealth investors around the world.
Russell Investments will construct and manage WPP’s private credit portfolio, with a focus on diversification across investment strategies, sectors and geographies over a series of vintages.
