Portfolio Director

JOB TITLE:       Portfolio Director, Housing Growth Partnership

LOCATION:       London, Birmingham or Edinburgh

HOURS:             Full-time

About this opportunity

The Housing Growth Partnership (HGP) is an equity investor passionate about accelerating the delivery of new homes across all UK Living Sectors. HGP is an GP Fund manager owned by Lloyds Banking Group (LBG). The investors are LBG and the UK government, via Homes England. As a result of our investments to date HGP has committed to the construction of 13,000+ new homes across the UK. The fund was voted social impact investor of the year by our industry peers. Our housing delivery forms and important part of LBG’s Helping Britain Prosper plan commitments.

We’re looking for a Portfolio Director to be responsible HGP’s underperforming investments requiring more active involvement to improve performance and protect value. In this role you’ll also be responsible for developing and improving HGP’s processes and approach to managing and monitoring investments including setting the tone on appropriate challenge of management strategy, ensuring we proactively support and influence our management teams.

You’ll work alongside the five regional investment teams responsible for the original investments and will have co-responsibility for the portfolio management resource within each of those teams. The HGP live portfolio contains c. one hundred projects, of which c. 5%-20% will require differing levels of active portfolio management dependent on the prevailing market conditions.

You’ll also work with and take responsibility for HGP’s Senior Advisor population, a large group of senior industry figures who are available to support HGP’s assessment and management of investments.

HGP has a UK wide investment focus so the role will require travel however we’re advocates of agile working. We’ll be pleased to consider applications from candidates wishing to work flexible arrangements. The office base for this role could be London, Birmingham, or Edinburgh. If you consider yourself a good match, we would love a conversation and would welcome your application.

What do we want you to do?

Join the HGP leadership team and support the Head of HGP to lead, run and empower the team to manage HGP investments alongside mid-market and SME house builders and developers. Take responsibility for HGP’s off plan investments to determine and implement the optimal investment strategy. This will require deal execution skills including work out, negotiation, structuring, financial analysis, due diligence, investment approvals and legal documentation.

The role requires working with house builder / developer management teams and advisers, ensuring we have the right management teams in place to deliver successful build out and sale of living sector developments invested in by HGP. In some cases, this may involve replacing defaulting / insolvent partners and assuming responsibility for the development SPV. This could require appointment of turnaround directors, securing an alternative delivery route and restructuring the investment with lending banks and other stakeholders.

A key component of the role will be presenting investment strategy and portfolio performance to Investment Committee in a succinct manner and ensuring the maintenance of the highest standards of portfolio management, valuation, and management support.

HGP is a regulated Fund. You’ll hold a certified role as part of HGP’s governance team ensuring Fund processes are adhered to and investments delivered in line with key fund principles. This will include having a seat on HGP’s Investment Committee, attending HGP Board Meetings and preparing and presenting quarterly valuations to HGP Valuation Committee.

What you’ll need 

• Significant relevant experience in PE, restructuring, turnaround, active portfolio management or broader construction industry experience.
• Proven experience in structuring, negotiating, and executing equity or debt investments ideally in the real estate sector.
• Ability to distinguish between the impact of unavoidable external market factors in Living Sector projects and underperformance by management teams to early identify investments requiring increased HGP intervention.
• Ability to demonstrate effective risk management and control ensuring adherence to legal, regulatory, conduct and compliance requirements.
• Financial analysis, including development cash flow modelling and where value sits in a capital structure.
• Relevant sector experience in living sector development and/ or property finance
• Knowledge and practicable experience of due diligence, accounting, tax, and legal aspects of transaction execution.
• Exceptional inter-personal, communication and leadership skills to support relationship building and influence management teams.
• Ability to maintain an effective network of advisers, partners, industry bodies and senior sector experts.
• Ability to work autonomously and lead and develop junior team members, setting an example with a positive and professional attitude.
• High levels of personal Integrity and honesty.

About working for us

Our focus is to ensure we’re inclusive every day, building an organisation that reflects modern society and celebrates diversity in all its forms. 

As an inclusive employer, we offer Workplace Adjustments for colleagues with a disability (which may include longterm health and neurodivergent conditions) where it is 

reasonable to do so. This could include flexibility with regards to office attendance, location, and working pattern. 

If you have a disability, you can also apply via our Disability Confident Scheme (DCS). Through the DCS, we guarantee to interview a fair and proportionate number of applicants with a disability, whose application meets the minimum criteria for the advertised job role.

We also provide adjustments that are reasonable throughout the recruitment process to reduce or remove barriers for applicants with a disability, long-term health 

condition or neurodivergent condition. If you’d like an adjustment to the recruitment process just let us know.

If you’re excited by the thought of becoming part of our team, get in touch.

We’d love to hear from you!