UK pension fund veteran joins Cambridge Associates

The investment advisor and manager has hired the former private equity head at BP Investment Management, Vicky Williams.

The former head of private equity at BP Investment Management, the in-house fund manager for the BP Pension Fund, has joined Cambridge Associates as a senior investment director.

Vicky Williams will advise UK and European corporate and public pension funds on their private investment portfolios, Cambridge Associates said.

“[W]e are seeing pension funds that have traditionally steered clear of private investments now consider not just private equity but the whole gamut of private investments – including private debt and niche strategies,” said Alex Koriath, Cambridge Associates’ European pensions practice head.

Williams has an established background working in private equity at UK pensions. Prior to the BP Pension Fund, which manages £21 billion ($30 billion; €27 billion) of assets, £1.9 billion of which are in private equity, she managed the private equity portfolios of British Airways Pensions Management and Shell Pensions Management Services.

Williams’ “appointment comes as UK and Continental European pension schemes consider a widening range of private investments to help them generate growth in an era of low interest rates and low investment returns”, Cambridge Associates said.

A spokesman for BP Investment Management confirmed that Williams had left, but declined to comment on her replacement.