TwentyFour plots fresh expansion of closed-ended range

Fund launch

TwentyFour Asset Management is planning to expand its closed-ended fund range after seeing success in the space with its Income and Select Monthly Income funds.

The group is considering a new portfolio investing in the direct lending space, to be managed by founding partner and portfolio manager Ben Hayward. TwentyFour’s head of sales, John Magrath, said: “We have been in discussions with investors about accessing different streams of income, and this makes sense. We are looking to see if we can find a suitable structure. “This way, investors can get a good income stream with relatively low risk and relatively low volatility.” Earlier this year, the company raised £100m for Select Monthly Income, which invests in illiquid mezzanine debt an...