Schroders Capital has received regulatory approval for a Long-Term Asset fund (LTAF) aimed at the UK wealth market.
Managed by Schroders Capital’s head of global private equity Portfolios, Benjamin Alt, the fund will focus on global small-mid market buyout and growth investments, with a strong focus on technology and healthcare sectors.
Whereas LTAFs have largely been aimed at DC (defined contribution) investors so far, the Schroders Capital Wealth Solutions LTAF will be available as an OEIC, allowing the UK wealth market to access the product.
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James Lowe, director, private markets at Schroders, said: “This is a significant step forward; we believe that for the UK wealth community LTAFs will provide another access point to private markets and we expect this LTAF to be a complementary tool to existing private markets structures – like investment trusts – offering new flexibility in how UK investors will be able to meet their objectives via private market investments.”
Schroder Capital’s Alt added: “We are now able to bring the best of our expertise in private equity to UK private clients in a UK approved structure. This means access to the most attractive segments of private equity markets globally through a well-established fund with a proven track record.
“Private equity enables investors to access different parts of the economic ecosystem, bringing the potential for robust investment performance and the benefits of diversification.”
Earlier this month, Schroders Capital unveiled an LTAF dedicated to investing in UK venture capital.
