FOI request details

Request

Subject: Richmond Pension Fund

Reference: LBR-FOI-00789

I am currently seeking updated quarterly performance data from your plan's alternative asset holdings for the following date(s): 1Q 2013 up to 4Q 2018 & 4Q 2020 up to 4Q 2022. On behalf of PitchBook Data, Inc., under the Freedom of Information Act, I request a copy of the quarterly public records from 1Q 2013 up to 4Q 2018 & 4Q 2020 up to 4Q 2022 the following information, preferably in Excel or PDF format.

1. Names and vintage years of all private equity, venture capital, mezzanine, distressed, real estate/REIT, debt and infrastructure partnerships in your plan's portfolio.

2. Commitments made to each partnership.

3. Contributions drawn down since inception.

4. Distributions made to your entity to date by each individual partnership.

5. Net Asset Value of each partnership.

6. Internal rates of return (IRRs) for each partnership with and without the use of credit facility. Please note if the IRRs are not net.

7. Investment multiple (TV/PI) for each individual partnership.

8. The dollar amount of 'total management fees and costs paid' for each individual partnership.

9. Date as of which all the above data was calculated.

10. Names of all alternative asset partnerships partially and fully sold by your plan including date of sale.

11. For each fund, please indicate whether or not the fund uses Subscription Credit Facilities.

I also request a copy of any disclosable documents which contain some or all of the following information:

12. Names of all hedge fund holdings (including hedge fund of funds) in your plan's portfolio.

13. Month by Month Market Value for each hedge fund holding (including hedge fund of funds) since your plan's initial investment up to 4Q 2022.

14. Month by Month Contributions to each hedge fund holding (including hedge fund of funds) since your plan's initial investment up to 4Q 2022.

15. Month by Month Returns (net of fees) earned by your plan's for each hedge fund holding (including hedge fund of funds) since initial investment up 4Q 2022.

Part Disclosed - 16 February 2023

Request for Information - LBR-FOI-00789 - Richmond Pension Fund

I refer to your request for information received on 16 February 2023. Please see the information below in response to your request: -

Your Request:

1. Names and vintage years of all private equity, venture capital, mezzanine, distressed, real estate/REIT, debt and infrastructure partnerships in your plan's portfolio.

2. Commitments made to each partnership.

3. Contributions drawn down since inception.

4. Distributions made to your entity to date by each individual partnership.

5. Net Asset Value of each partnership.

6. Internal rates of return (IRRs) for each partnership with and without the use of credit facility. Please note if the IRRs are not net.

7. Investment multiple (TV/PI) for each individual partnership.

8. The dollar amount of 'total management fees and costs paid' for each individual partnership.

9. Date as of which all the above data was calculated.

10. Names of all alternative asset partnerships partially and fully sold by your plan including date of sale.

11. For each fund, please indicate whether or not the fund uses Subscription Credit Facilities.

I also request a copy of any disclosable documents which contain some or all of the following information:

12. Names of all hedge fund holdings (including hedge fund of funds) in your plan's portfolio.

13. Month by Month Market Value for each hedge fund holding (including hedge fund of funds) since your plan's initial investment up to 4Q 2022.

14. Month by Month Contributions to each hedge fund holding (including hedge fund of funds) since your plan's initial investment up to 4Q 2022.

15. Month by Month Returns (net of fees) earned by your plan's for each hedge fund holding (including hedge fund of funds) since initial investment up 4Q 2022.

Our Response:

In response to your enquiry, please note that following the passing into law of SI 2016 No. 1241 'The Local Government Pension Scheme (Wandsworth and Richmond Fund Merger) Regulations 2016' http://www.legislation.gov.uk/uksi/2016/1241/made, the London Borough of Richmond no longer operates a Pension Fund and therefore currently holds no investments that are the subject of this enquiry.

I hope this information meets your needs. If you do not understand the information provided or wish to discuss anything further, please feel free to contact us.

Please note, all material provided by the Council in response to your request for information is for your personal, non-commercial use. The Council reserves all rights in the copyright of the information provided. Any unauthorised copying or adaptation of the information without express written confirmation from The Council may constitute an infringement of copyright. Any intention to re-use this information commercially may require consent. Please forward any requests for re-use of information to the FOI officer.

If you are dissatisfied with the information provided in relation to your request, you may make representations to the Information and Transparency Manager. Any such request for an internal review should be made within 40 days from today's date. Correspondence should be addressed to: foir@richmondandwandsworth.gov.uk

If you are not content with the outcome of the internal review, you have the right to apply directly to the Information Commissioner for a decision at: https://ico.org.uk/global/contact-us/

Regards,

FOI and DPA Officer

foir@richmondandwandsworth.gov.uk

Please note that our responses were accurate to the best of our knowledge at the time of release, and have not subsequently been updated. This information should be considered an historical record only.