Morgan McKinnon-Snell

Dear Sir/Madam:

Pursuant to the Freedom of Information Act 2000 (“FOIA"), I request access to and copies of alternative investment portfolio records specifically for close-ended:

Private equity funds
Debt funds
Real estate funds
Infrastructure funds
Fund of funds
Hedge funds

(“the Records”) and details of:

Committed capital
Invested capital
Distribution
Market value
Net IRR
MOIC/TVPI

On an individual fund by fund basis with aggregated values since inception for quarters ending 06/30/2019 & 09/30/2019 ("the Information").

This request is ongoing, seeking copies of (or access to) all Records as they are filed with London Borough of Merton Pension Fund/ updates to the Information as they are filed with the London Borough of Merton Pension Fund. I am further requesting that the Records / Information be provided to me in PDF or Excel format, if not maintained on computer files, in the same format as they are / it is currently maintained at the London Borough of Merton Pension Fund.

I am an analyst at Bloomberg Private Equity team, responsible for providing accurate and robust analysis, ideas, and data sets on all players in the private equity industry to impact decision-making. I request the Records / Information to inform the public about matters of public concern and to contribute to the public understanding of the operations of the government.

FOIA requires that your agency respond to my request within 20 business days of receipt of this letter. This request is segregable, and your agency may not withhold entire records because of one section that you believe is exempt from disclosure. If you choose to withhold any such parts of the Records / Information from disclosure, because of a specific exemption or otherwise, you must specify in a written response the factual and legal basis for withholding any part of the Records / Information. FOIA also requires that you provide reasonable advice and assistance to me in relation to my request.

Please contact me if I may assist in your office's response to this request, including if you reasonably require further information in order to identify and locate the Records / Information requested. As this information is of timely value, I would appreciate your communicating with me by telephone or email, rather than by mail, if you have questions regarding this request.

Thank you for your kind assistance.

Sincerely,

Morgan McKinnon-Snell
Private Equity Analyst EMEA | Bloomberg L.P.

3 Queen Victoria Street
London
EC4N 4TQ

T: +44 (0)203 525 4174
L: https://www.linkedin.com/in/morganjmcks/

foi, Merton Borough Council

Thank you for your email message. We aim to respond to all requests under
the Freedom of Information Act 2000 and Environmental Information
Regulations 2004 within 20 working days.
More information about the way we deal with information requests is on our
web site at [1]www.merton.gov.uk/foi.
 
Information Governance Team
London Borough of Merton.
020 8545 4634
 
 
 

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References

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1. file:///tmp/www.merton.gov.uk/foi

Gary Wells, Merton Borough Council

Dear Sir,

 

Please find below the response to your recent FOI request.

 

Thanks

Gary

 

Gary Wells
Senior Accountant Pension Fund
Corporate Accountancy
Corporate Services Department
Tel: 020 8545 3795
Fax: 020 8545 3767
[1]www.merton.gov.uk

 

 

 

 

Dear Mr Snell

Freedom of Information Act 2000 / Environmental Information Regulations
2004 Information request [FOI F13182]

 

We have now considered your information request as set out below. 

 

You asked:

Pursuant to the Freedom of Information Act 2000 (“FOIA"), I request access
to and copies of alternative investment portfolio records specifically for
close-ended:

 

Private equity funds

Debt funds

Real estate funds

Infrastructure funds

Fund of funds

Hedge funds

 

(“the Records”) and details of:

 

Committed capital

Invested capital

Distribution

Market value

Net IRR

MOIC/TVPI

 

Vintage Committed capital Invested capital Distribution Market Net MOIC/TVPI
  year value IRR
    £m £m £m £m £m £m
Private Debt              
Permira Credit 2019                                     
Solutions IV     30.0                                     2.6 0 2.8 n/a n/a
Churchill
Middle Market 2019
Senior Loan                                         
Fund II 20.0                                     4.6 0 4.9 n/a n/a
               
Infrastructure              
MIRA
Infrastructure
Global 2018
Solution II,                                         
L.P. 20.0                                     8.1 0 8.2 n/a n/a
Quinbrook Low
Carbon Power 2018                                         
LP 10.0                                     7.4 0 7.8 n/a n/a
               

 

On an individual fund by fund basis with aggregated values since inception
for quarters ending 06/30/2019 & 09/30/2019 ("the Information")

 

This request is ongoing, seeking copies of (or access to) all Records as
hey are filed with London Borough of Merton Pension Fund/ updates to the
Information as they are filed with the London Borough of Merton Pension
Fund. I am further requesting that the Records / Information be provided
to me in PDF or Excel format, if not maintained on computer files, in the
same format as they are / it is currently maintained at the London Borough
of Merton Pension Fund.

 

    Response

We only have relevant investments regarding:

Private Debt (Inception 2019) and

Infrastructure (Inception 2019).

 

Please refer to the fund performance report:

 

[2]https://democracy.merton.gov.uk/ieListDo...

 

 

If you have any queries or concerns about this please contact me.

 

If you are dissatisfied with the handling of your request or wish to
appeal against the decision to exempt any part of your request, you should
request an Internal Review at [3][Merton Borough Council request email] or write in to Freedom
of Information team, Merton Council, Civic Centre, Morden, SM4 5DX.

 

If you escalate to the Information Commissioners Office (ICO) without
following the council’s internal review process, the ICO will refer you
back to the council to enable the correct process to be followed.

 

If you remain dissatisfied with the handling of your request or complaint,
you have a right to appeal to the Information Commissioner at:

 

The Information Commissioner's Office, Wycliffe House, Water Lane,
Wilmslow, Cheshire, SK9 5AF.

 

Telephone: 0303 123 1113

 

Website: [4]www.ico.org.uk

 

There is no charge for making an appeal.

 

Yours sincerely

 

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References

Visible links
1. http://www.merton.gov.uk/
2. https://democracy.merton.gov.uk/ieListDo...
3. mailto:[Merton Borough Council request email]
4. http://www.ico.gov.uk/

Gary Wells, Merton Borough Council

Gary Wells would like to recall the message, "FOI F13602".

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Morgan McKinnon-Snell

Dear Gary Wells,

Thank-you for your response, however please may you provide the information in an excel format? Hard to work out where and which of the numbers correspond to which measure. Further, I'm aware that the Permira Credit fund is too young for an IRR value - however please may you provide the MOIC and IRR values into that excel document. It would be very much appreciated!

Happy Monday!

Yours sincerely,
Morgan McKinnon-Snell