Greater Manchester Pension Fund (GMPF)

About this data

Holdings as this LP reports them, fund by fund. Amounts are its commitment to each fund. As of December 31, 2025. Source: GMPF Private Markets Investment Data: Private Equity and Venture Capital funds. Funds are linked to a manager by name; a match can be wrong, and the original filing is the record. How Hottub reads its sources.

GMPF lists its private equity and venture capital funds each quarter, each with the fund's currency, a commitment (net of cancelled amounts), cumulative drawdowns, cumulative distributions and a valuation, all in millions to two decimals, and a vintage year; it reports no multiple or IRR and prints no total. Shown here: commitment as committed, drawdowns as paid-in, distributions as distributed, the valuation as market value, and total value as distributions plus valuation (derived). TVPI and DPI are left blank because GMPF says performance metrics calculated from the data should not be used to compare returns among funds. Dollar amounts are converted: the amounts are read as millions of each fund's own currency (56 funds in US dollars, 53 in euro, 70 in pounds); the latest list prints a pound sign on every amount, including those of dollar and euro funds, while earlier lists in the same file print the same figures with no symbol, and GMPF does not say which is meant. Euro amounts are multiplied by 1.1736 and pound amounts by 1.3447 US dollars, the Federal Reserve's H.10 foreign exchange rates for 2025-12-31 (federalreserve.gov/releases/h10/hist/dat00_eu.htm and dat00_uk.htm), and rounded to the dollar; dollar amounts are as printed. Drawdowns and distributions made over many years are therefore converted at the 2025-12-31 rate, not the rates when the cash moved. The list goes back to funds of vintage 1981: 105 of the 179 funds have a valuation of zero. GMPF's own notes: valuations are provided by each fund's general partner or manager, have not necessarily been audited, may be older than the list's date with adjustments for later cash flows, and may not reflect realisable value. Since July 2018 GMPF has invested in private equity through the Northern LGPS joint venture, Northern Private Equity Pool LP, whose holdings are not in this list.