Brunel hires Macquarie for mandate transition management

Brunel Pension Partnership, one of the eight investment pools for local authority pension schemes, has appointed Macquarie to provide transition management solutions for a series of upcoming mandates.

Macquarie has developed a deep understanding of the pool’s unique requirements, designing innovative solutions to help their LGPS clients analyse, plan, manage, execute, settle and report on aspects of change in their investment structure, portfolio or strategy, Brunel said.

David Cox, head of listed market investments at Brunel, said: “Macquarie was an excellent choice from a competitive tender process for our upcoming transitions. Having partnered with them extensively, they have become a trusted transition partner for our clients.”

“Macquarie has a sophisticated transition platform and highly experienced team that we’re pleased to be able to offer our clients,” he added.

In May, Brunel appointed StepStone Infrastructure and Real Assets (SIRA) to set up a discretionary infrastructure vehicle dedicated to its clients.

Infrastructure is one of six private market portfolios already offered by Brunel, but it is keen to develop more direct infrastructure investment capabilities, including supporting projects in the UK.

The appointment of SIRA will provide clients with direct exposure to underlying assets displaying strong, long-term sustainability characteristics and access to direct co-investment opportunities and secondary transactions across a broad range of sectors and on a global level.