Agenda and draft minutes

The members had before them:

A.    The Agenda papers (previously circulated); and

B.    The Minutes of the meetings held on 28 and 29 September 2023 (previously circulated).

Apologies were received from Cllrs Adrian Hardman and Peter Stoddart.

Cllr Scott Richardson Brown substituted for Cllr Adrian Hardman.

None.

Members of the public wishing to take part should notify the Assistant Director for Legal and Governance in writing or by e-mail indicating both the nature and content of their proposed participation no later than 9.00am on the working day before the meeting (in this case, 29 November 2023).  Enquiries about this can be made through the telephone number/e-mail address listed in this agenda and on the website.

None.

To confirm the Minutes of the meetings held on 28 and 29 September 2024 (previously circulated).

RESOLVED that the Minutes of the meetings held on 28 and 29 September 2023 be confirmed as correct record and signed by the Chairman.

RESOLVED that pursuant to Section 100A of the Local Government Act 1972, the press and public shall be excluded from the meeting during items 5 - 7 on the grounds that there would be disclosure to them of information relating to the financial or business affairs of any particular person (including the authority holding the information) and the public interest in maintaining the exemption outweighs the public interest in disclosing the information.

Summary of the proceedings of the meeting during which the press and publicwere excluded. (This is a fair summary of the proceedings.)

The Sub-Committee considered the Pensions Independent Investment Advisor update together with the associated investment performance information.

The Sub-Committee received a presentation from Philip Hebson, Independent Advisor to the Fund.

RESOLVED that the Independent Investment Advisor’s update attached as Appendix 1 to the report together with the associated investment performance information attached as Appendix 2 be noted.

The Sub-Committee considered the Novum Investment Management Introduction to Shaped Equity.

The Sub-Committee received a presentation from Jason Wood, Masroor Ahmad and Mark Davies from Novum.

RESOLVED that the Novum Investment Management Limited Introduction to shaped equity presentation be noted.

The Sub-Committee considered the LGPS Central Private Equity 2023 Fund Co-Investment Opportunities.

The Sub-Committee received a presentation from Jaswant Sidhu from LGPS Central.

RESOLVED that the LGPS Central Private Equity 2023 Fund Co-Investment Opportunities presentation be noted.