Fulcrum Asset Management has received regulatory approval to launch its first commingled Long Term Asset Fund, the WS Fulcrum Diversified Private Markets LTAF.
In a statement today (11 November), it said this was “a highly innovative solution built for a range of professional investors in the UK such as DC and DB pension schemes, charities, endowments and wealth managers”.
Earlier this year Fulcrum launched its first LTAF on behalf of a single-employer UK DC pension scheme. The second fund is expected to launch on the 29 November 2024. Waystone will act as the Authorised Corporate Director for both funds.
The fund is an open-ended UK OEIC and will target long term capital growth via exposure to a diversified mix of private assets including value-add real estate, value-add infrastructure, natural resources, alternative credit and private equity (including venture capital).
The WS Fulcrum Diversified Private Markets LTAF is an open architecture solution, with the underlying managers drawn from Fulcrum’s ‘Panel of Illiquid Specialists’, a group which Fulcrum has assembled over a number of years. These specialists are responsible for sourcing and implementing high quality illiquid investment opportunities.
Unusually, the product will offer a simple, transparent, flat-fee structure, it further said.
Matthew Roberts (pictured), head of Fulcrum Alternative Solutions said: “We are thrilled to be bringing our LTAF to the broader professional investor marketplace. We’ve taken time to ensure that we are offering investors a carefully designed entry point to private markets. Ever since we started the Fulcrum Alternative Solutions team, our goal has been to solve the challenges that investors have faced when it comes to accessing alternatives and this fund launch represents a significant milestone in that journey.”
