TPT Investment Management (TPTIM) has launched a new global credit opportunities fund with £170m in assets.
The fund is a collective investment vehicle for pension schemes and has been seeded with capital from TPT’s DB master trust.
This fund will invest in the full range of bonds available on public markets, including sovereign, emerging market and high yield. Given its global remit, it aims to invest in less well known markets, giving managers the chance to demonstrate their skill in accessing a diversified set of risk premia when compared to a more traditional asset allocation.
The fund can more dynamically alter allocations, depending on key market triggers.
This fund 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.
Other fund launches have included a liquid alternatives fund and private credit solutions.
The funds will enable pension schemes joining TPT to immediately achieve scale benefits across asset classes by aggregating with the assets in the master trust.
This approach enables TPTIM to build on the model of scheme consolidation – pooling assets to deliver value and impact – to the benefit of pension schemes and their members.
Access to the new fund is available through TPT’s new fiduciary management service, launched in October 2024.
TPTIM portfolio manager for the global credit opportunities fund Simon Moss says: “The latest in our series of new fund launches will 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. As with all of our funds, schemes benefit from consolidation, responsible investment, and investment expertise that would not necessarily be available to smaller, stand-alone schemes.”
