TPT Investment Management (TPTIM) has launched a new £170m global credit opportunities fund, which aims to target markets that "may not be as well-known".

The fund, seeded with capital from TPT’s defined benefit (DB) master trust, is the sixth in a series of seven planned launches of new collective investment vehicles designed by TPTIM to offer schemes easy access to a wide range of investment strategies.

The fund will invest in all types of bonds available in the public market, including sovereign, emerging market, and high-yield bonds.

However, the fund is intended to target markets that may not be as well-known as others, giving managers a chance to demonstrate their skill in accessing a diversified set of risk premia compared to a more traditional asset allocation.

TPT said the fund will enable pension schemes joining the company to immediately achieve scale benefits across asset classes by aggregating with the assets in the master trust.

Access to the new fund is available through TPT’s new fiduciary management service, launched in October 2024, which aims to help schemes benefit from increased diversification, better value through economies of scale, high-quality governance, and ongoing investment expertise.

TPTIM portfolio manager for the fund, Simon Moss, said its launch would “continue to broaden our schemes’ access to a diversified range of assets.”

“The fund will increase our ability to offer a well-rounded investment strategy, with diversified risk premia while maintaining scheme liquidity,” Moss continued.

“As with all of our funds, schemes to benefit from consolidation, responsible investment, and investment expertise that would not necessarily be available to smaller, stand-alone schemes.”

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