FCA greenlights two further LTAFs for Aegon UK
Since October 2024, BlackRock has managed a bespoke, diversified alternative private markets strategy for Aegon UK – an LTAF that includes private equity, private debt, real estate and infrastructure.
The retirement and investment solutions provider said the three LTAFs will provide exposure to private markets for the 700,000 savers in its largest default fund, the £12bn Universal Balanced Collection (UBC).
Aegon explained the development marked the culmination of a rigorous selection, design and regulatory process – which reflected its determination to improve member outcomes and fulfil its obligations as one of the founding signatories of the 2023 Mansion House Compact.
It said the changes to its default aim to improve risk-adjusted returns, enhance diversification and provide access to investment opportunities in areas that have historically been harder for workplace savers to access.
Partners Group launches private credit LTAF
The three LTAFs Aegon UK is using in its default fund include a strategy already being run by BlackRock as well as the two newly-approved strategies, which are being run by Aegon Asset Management and JP Morgan Asset Management.
Since October 2024, BlackRock has managed a bespoke, diversified alternative private markets strategy for Aegon UK – an LTAF that includes private equity, private debt, real estate and infrastructure.
From the second half of this year, Aegon AM's private credit LTAF will provide diversified exposure to a range of its leading private credit strategies, including corporate lending, fund financing, insured credit, renewables and asset backed finance.
Also from the second half of this year, JJPMAM's bespoke LTAF strategy will offer exposure to private markets such as
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