TPT Investment Management has launched a new £720m investment grade bond fund. This is a collective investment vehicle for UK pension schemes and has been seeded with capital from TPT’s DB master trust.
This fund is invested in predominantly public investment grade bonds with a low probability of default over the long term. TPTIM says it expects this fund to play an important role in its endgame solutions.
This is the fifth in a series of seven planned launches of new collective investment vehicles. Previous fund launches have focused on private credit and liquid alternatives.
The vehicles are designed by TPTIM to provide pension schemes with easy access to a wide range of investment strategies. It will enable pension schemes joining TPT to achieve scale benefits across asset classes by aggregating with the assets in the master trust. In this way, TPTIM aims to build on the model of scheme consolidation – pooling assets to deliver value and impact – to the benefit of pension schemes.
Access to the new fund is available through TPT’s new fiduciary management service, launched in October 2024 which itself builds on the model of scheme consolidation for the benefit of defined benefit pension schemes. The service enables schemes to benefit from increased diversification, better value through economies of scale, high quality governance, and ongoing investment expertise.
TPTIM portfolio manager for the investment grade bond fund Amar Jethwa says: “With the launch of the investment grade bond fund, TPTIM continues to deliver solutions tailored to the evolving needs of pension schemes. This fund represents a significant milestone in our endgame strategy, providing schemes with access to high-quality, low-default-risk bonds in a simple and scalable format.
“The launch of this fund highlights TPTIM’s commitment to helping pension schemes achieve long-term security through expertly designed investment vehicles.”
