FOI request details
Request
Subject: Wandsworth Pension Fund
Reference: WBC-FOI-00784
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 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 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.
Response
Full Disclosure - 6 March 2023
The information requested in Questions 1-7 is in the attached document.
8. The dollar amount of 'total management fees and costs paid' for each individual partnership.
Manager
Period to
Currency
Amount
JP Morgan
Quarter 4 2022
USD
2,710,767
Pantheon
Quarter 3 2022
USD
2,767,779
Brightwood
Quarter 4 2022
USD
1,368,500
Churchill (II & IV)
Quarter 4 2022
USD
1,544,183
Permira (IV & V)
Quarter 4 2022
GBP
1,034,907
Excludes assets invested in London CIV
9. Date as of which all the above data was calculated.
Data is as reported to Joint Pensions Committee for December 2022.
10. Names of all alternative asset partnerships partially and fully sold by your plan including date of sale.
None
11. For each fund, please indicate whether or not the fund uses Subscription Credit Facilities.
All the funds use subscription credit facilities.
The response to Questions 12-15 is that we do not hold any hedge fund investments.
Attachments
This response includes the following files:
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.