Future Growth Capital, the private markets investment manager established by Schroders and Phoenix Group in July, has received regulatory approval to launch its first dedicated UK multi-asset Long-Term Asset Fund (LTAF).
The Schroders Future Growth Capital UK Private Assets LTAF will invest across a range of private markets in the UK, to support the growth of businesses, generate higher returns and make the UK more attractive to international investors.
Paul Forshaw, chief executive officer at Future Growth Capital, said: “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.”
This will be Schroders Capital’s fifth LTAF, following the launch of its first UK Wealth LTAF last month.
Additionally, Future Growth Capital has received regulatory approval for a second fund, the Schroders Future Growth Capital Global Private Assets LTAF, which will provide pension savers with access to international private market opportunities.