Paddy Dowdall, Assistant Executive Director, Property, Local Investments and GLIL, Greater Manchester Pension Fund
Paddy is Assistant Executive Director at Greater Manchester Pension Fund with responsibility for Property, Local Investments and GLIL, the joint venture with LPFA, MPF WYPF and LCPF investing in infrastructure. GMPF is the largest local government pension fund in the UK with assets of over £21bn.
The GLIL partnership is the first of its type in the LGPS and has an initial mandate to invest £1275m into direct infrastructure in the UK. The partners are looking to encourage collaboration within the LGPS on investment in infrastructure and believe that scale and appropriate governance structures can enhance returns.
GMPF has led the way in the LGPS investing in housing and property development in its local area with the twin aims of achieving commercial returns for the Fund whilst having a positive impact on the local economy.
Paddy has significant experience of investment in a wide range of assets including listed securities, infrastructure, private equity, and property and has previously worked at Merseyside Pension Fund.
Paddy is a member of the Chartered Institute of Public Finance and Accountancy and a graduate of Durham University.
The UK Chancellor’s Autumn Statement outlined details for investment of over £7.2 billion in housing. The priorities include: a new Housing Infrastructure Fund of £2.3 billion to unlock new housing supply with the potential to deliver up to 100,000 homes; £1.4 billion to deliver an additional 40,000 affordable housing starts by 2020 to 2021; £2 […]
The UK Government together with the devolved regional powers are creating the ideal environment for investment in regeneration projects across the UK. With the recently announced Government support, further regional devolution coming to life in May 2017 and the establishment of devolved fiscal powers, there have never been so many investment opportunities opened in UK […]