TPT launches new private credit fund with £650m invested
TPT Investment Management has launched a new private credit fund, with £650m already invested.
The fund has been seeded with capital from the TPT’s defined benefit master trust, provided by TPT Retirement Solutions.
It will focus on “a broad spectrum” of private investment opportunities across the credit market, and aims to enable pension schemes to immediately achieve scale benefits across asset classes by aggregating with the assets in the master trusts.
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“Our latest in the series of new fund launches will continue to broaden our schemes’ access to a diversified range of assets,” said Simon Moss, portfolio manager for the private credit fund at TPT IM.
“The experience of our investment team and alignment of interests with our ownership will allow us to continue to pass these benefits onto other trustees and schemes.
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Moss added that the fund will allow schemes to benefit from asset pooling and investment types that would not necessarily be available to smaller, stand-alone schemes.
This is the largest fund launch so far for TPT IM and the third in the series of seven planned launches.
Earlier this year, TPT IM launched two alternative investment funds in partnership with Carne Global Fund Managers. The two funds had a combined value of more than £800m.
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