Schroders tables FCA application to launch private markets LTAF for wealth clients

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Schroders has filed an application to the Financial Conduct Authority for the launch of a private equity long-term asset fund (LTAF) for the wealth market.

Subject to regulatory approval by the regulator, this new LTAF will provide wealth investors with access to a private equity strategy managed by Schroders Capital, the firm's private asset investment arm. The asset manager unveiled the UK's first LTAF, Schroders Capital Climate+, last year for UK defined contribution pension funds. In February this year, the firm launched the Schroders Greencoat Global Renewables+ LTAF, also for the DC market. Outgoing Schroders UK wealth head Doug Abbott: Retail LTAF will offer alternative route to private markets Currently, the majority of the LT...