TPT Investment Management (TPTIM) has launched a new £650m private credit fund.
This is a collective investment vehicle for UK pension schemes and has been seeded with capital from TPT’s DB master trust.
This new fund will invest in a broad spectrum of private investment opportunities across the credit market, and will offer a diverse range of risk options that are not always readily available to smaller schemes.
This is the largest fund launch so far for TPTIM, and the third in a series of seven planned launches. The new collective investment vehicles are designed by TPTIM to provide pension schemes with easy access to a wide range of investment strategies.
The collective investment vehicles will enable pension schemes joining TPT to achieve scale benefits across asset classes by aggregating with the assets in the master trust.
Access to the new TPTIM funds is available through its fiduciary management service via the new DB Connect proposition that allows third-party trustees to benefit from TPT’s pensions and investment expertise while retaining the trusteeship of their scheme.
TPTIM portfolio manager for the private credit fund Simon Moss says: “Our latest in the series of new fund launches will continue to broaden our schemes’ access to a diversified range of assets. This fund will allow schemes to benefit from asset pooling and investment types that would not necessarily be available to smaller, stand-alone schemes.
“The experience of our investment team and alignment of interests with our ownership will allow us to continue to pass these benefits onto other trustees and schemes.”