Willis Towers Watson eyes private equity LTAF launch

Available to individual professional investors

Willis Towers Watson has set out proposals to launch a private equity-focused long-term asset fund in the second half of 2024, subject to approval by the Financial Conduct Authority.

The proposed strategy, called CG WTW Private Equity Access LTAF (PEAL), will invest in a range of private equity opportunities, including co-investments. WTW's defined contribution pension master trust, LifeSight, also agreed to allocate up to 5% of its LifeSight Equity default fund into private equity via the LTAF. The fund has received initial commitments of over £450m ahead of launch. Outgoing Schroders UK wealth head Doug Abbott: Retail LTAF will offer alternative route to private markets In addition to DC pension savers, the PEAL will also be available to other institutional i...