FCA proposes long-term asset fund for illiquid investing

James Phillips
clock • 2 min read
Rathi: This new type of fund may also be more attractive to DC pension schemes
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Rathi: This new type of fund may also be more attractive to DC pension schemes

The Financial Conduct Authority (FCA) is seeking views on creating a long-term asset fund (LTAF) to give more confidence in investing in illiquid assets.

The regulator has suggested the open-ended funds would invest in venture capital, private equity, private debt, real estate and infrastructure, or so-called ‘productive finance'. Chancellor Rishi Sunak...

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