FCA approves Legal & General's first private markets LTAF

DC-focused strategy to launch this summer

Valeria Martinez
clock • 1 min read
The fund will have allocations across a diverse range of illiquid asset classes – such as venture capital, infrastructure, real estate and private credit – sitting alongside listed assets.
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The fund will have allocations across a diverse range of illiquid asset classes – such as venture capital, infrastructure, real estate and private credit – sitting alongside listed assets.

The Financial Conduct Authority has approved Legal & General's first private markets Long-Term Asset Fund (LTAF) for defined contribution pension funds.

According to the FCA's fund register, the Legal & General Private Markets LTAF was approved by the regulator on Wednesday (15 May) last week.  Jesal Mistry, head of DC investments at Legal & Gen...

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