Fulcrum Asset Management has received regulatory approval to launch its first commingled Long-Term Asset Fund (LTAF), the WS Fulcrum Diversified Private Markets LTAF.

The fund had been built for a range of professional investors in the UK, including defined benefit and defined contribution (DC) pension schemes.

Earlier this year, Fulcrum launched its first LTAF on behalf of a single-employer DC pension scheme.

Its second fund, the WS Fulcrum Diversified Private Markets LTAF, is expected to launch on 29 November 2024, with Waystone to act as the authorised corporate director for both funds.

Fulcrum’s diversified private markets LTAF will be an open-ended UK OEIC, targeting long-term capital growth through 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 that Fulcrum said it had assembled over several years.

These specialists are responsible for sourcing and implementing high-quality illiquid investment opportunities.

Commenting on the announcement, Fulcrum Alternative Solutions head, Matthew Roberts, 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.”

This article originally appeared in our sister publication Wealth Investment News.

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