Schroders gets greenlight to launch third LTAF

Focused on UK venture capital

Cristian Angeloni
clock • 2 min read

Schroders Capital has received regulatory approval from the Financial Conduct Authority to launch the UK Venture and Growth Long-Term Asset fund (LTAF), the third in its arsenal.

The fund will invest in early-stage UK companies focused on technology and sciences, including AI, quantum computing, fintech, cybersecurity and oncology. Phoenix Group and Schroders to launch private markets investment manager Defined contribution (DC) schemes and other institutional investors will be able to participate in the strategy. The LTAF will be seeded with an investment of £300m from Phoenix Group and the British Business Bank – with a commitment of £150m each – as part of the government's Long-Term Investment for Technology and Science (LIFTS) initiative. This the la...

To continue reading this article...

Join Investment Week for free

  • Unlimited access to real-time news, analysis and opinion from the investment industry, including the Sustainable Hub covering fund news from the ESG space
  • Get ahead of regulatory and technological changes affecting fund management
  • Important and breaking news stories selected by the editors delivered straight to your inbox each day
  • Weekly members-only newsletter with exclusive opinion pieces from leading industry experts
  • Be the first to hear about our extensive events schedule and awards programmes

Join now

 

Already an Investment Week
member?

Login

More on Funds

Rathbones adopts 'Sustainability Focus' label on two funds

Rathbones adopts 'Sustainability Focus' label on two funds

Effective from 2 April

Sorin Dojan
clock 31 March 2025 • 1 min read
Seven Aberdeen Enhanced Index funds awarded RSMR rating

Seven Aberdeen Enhanced Index funds awarded RSMR rating

Due to a ‘well-resourced team’

Sorin Dojan
clock 31 March 2025 • 1 min read
Jupiter shutters dwindling Global Ecology Growth fund after 24 years

Jupiter shutters dwindling Global Ecology Growth fund after 24 years

AUM just €17.3m

Eve Maddock-Jones
clock 31 March 2025 • 2 min read
Trustpilot