The Pension Fund Investment and Performance Sub-Committee of Scottish Borders Council was scheduled to consider reports from investment managers and receive presentations from M&G, Permira, and Partners Group. The meeting was also scheduled to review the minutes of a previous meeting and discuss any arising matters.

Investment Manager Briefing Paper

The Sub-Committee was scheduled to consider a report by Isio¹. This report was expected to provide an overview of investment managers' performance, approach, and key issues.

Presentations from Investment Managers

The meeting was scheduled to include presentations from three investment management firms:

• M&G: A presentation from M&G was scheduled, with associated documents provided to the committee.
• Permira: A presentation from Permira was scheduled, with associated documents provided to the committee.
• Partners Group: A presentation from Partners Group was scheduled, with associated documents provided to the committee.

These presentations were allocated significant time, suggesting they were a key focus of the meeting, allowing members to understand the strategies and performance of these firms.

Summary Discussion

Following the presentations, a summary discussion was scheduled. This item was intended to provide members with an opportunity to discuss any matters arising from the preceding presentations and to summarise their views on the performance, approach, and key issues identified in relation to the Investment Managers.

Review of Previous Minutes

The Sub-Committee was scheduled to consider the minute of its previous meeting, held on 24 August 2026. This is a standard procedural item to ensure continuity and record previous decisions.

Private Business

The meeting was scheduled to consider items that were likely to involve the disclosure of exempt information. A motion was to be approved under Section 50A(4) of the Local Government (Scotland) Act 1973 to exclude the public from the meeting for these specific items. The Sub-Committee was scheduled to consider a Private Minute from the meeting held on 24 August 2026.