Future Growth Capital to launch UK’s first multi-asset LTAF

Future Growth Capital has been granted regulatory approval to launch the UK’s first UK dedicated multi-asset Long-Term Asset Fund (LTAF).

Approval has also been given for a second LTAF with a global reach.

The private markets investment manager – which was formed in July by Schroders and Phoenix Group – said that the UK LTAF will be entirely aligned with the Mansion House Compact, which promotes environmental sustainability.

The Schroders Future Growth Capital UK Private Assets LTAF aims to invest across a wide range of UK private markets assets to generate potentially higher returns. Meanwhile, the Schroders Future Growth Capital Global Private Assets LTAF will offer diversified exposure across a broad spectrum of international investment opportunities in private markets.

Read more: LTAFs look to diversify private markets exposure with multi-asset focus

“This is a significant step forward for our new business and for UK pension capital,” said Paul Forshaw, chief executive, Future Growth Capital.

“The Schroders Future Growth Capital UK Private Assets LTAF will be the first LTAF entirely aligned with the Mansion House Compact, connecting long-term savings directly to the most attractive private UK companies, supporting these exciting businesses to grow and stay in the UK.

Read more: Fidelity approved to launch first LTAF

“The Schroders Future Growth Capital Global Private Assets LTAF will provide long-term savers with the benefits of further diversification across the spectrum of international private assets.

“Importantly, both LTAFs have the potential to deliver better long-term retirement performance.”

Future Growth Capital is initially leveraging Schroders Capital’s LTAF investment platform. Schroders Capital has already launched four LTAFs, including the UK’s first LTAF in April 2023.

Last month Schroders announced that it had won approval for the UK’s first wealth LTAF and the first LTAF dedicated to UK venture capital.

Read more: Future Growth Capital reveals CEO and senior team