Fulcrum Asset Management has gained regulatory approval to launch a private markets LTAF, aimed at professional investors including pension schemes, wealth managers, charities and endowments.
The fund, named the WS Fulcrum Diversified Private Markets LTAF, will be the second LTAF launched by Fulcrum. It will be offered with a flat-fee structure, and plans to launch 29 November with Waystone as authorised corporate director.
The solution will hold a mix of real estate, infrastructure, natural resources, alternative credit and private equity in an open-ended OEIC structure. Investments will be selected by Fulcrum’s ‘Panel of Illiquid Specialists’, a group of managers sourcing illiquid investment opportunities.
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Matthew Roberts, head of Fulcrum alternative solutions, said: “We are thrilled to be bringing our LTAF to the broader professional investor marketplace. We’ve taken time to ensure that we are offering investors a carefully designed entry point to private markets.
“Ever since we started the Fulcrum alternative solutions team, our goal has been to solve the challenges that investors have faced when it comes to accessing alternatives and this fund launch represents a significant milestone in that journey.”
