TPT Investment Management has launched two new alternative investment funds in conjunction with Carne Global Fund Managers.
The funds are aimed at DB schemes who may not be able to access these asset classes on a standalone basis.
This Real Assets Fund and Secure Income Fund are the first two in a series of seven planed investment funds that will be launching this year, with access to all major public and private asset classes.
TPTIM’s Real Assets Fund has more than £500 million in assets invested in unlisted infrastructure with a 25 per cent exposure to renewable energy helping to support the green transition. More than one-third of its assets are based in the UK, allowing schemes to support the wider UK economy with these investments.
Meanwhile TPTIM’s Secure Income Fund has over £300 million in assets invested in private credit and secured financing.
TPT Investment Management is the fiduciary management arm that is part of the wider TPT Retirement group. These new funds have been seeded with capital from TPT’s DB master trust.
The fund launches are the first of a planned series of new collective investment vehicles, enabling 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 as part of TPT’s DB Connect proposition that allows trustees to benefit from TPT’s pensions and investment expertise while retaining the trusteeship of their scheme.
TPTIM is also responsible for the management of the combined assets of TPT’s existing DB master trust.
TPT Investment Management head of investment Peter Smith says: “Our new funds provide schemes with exposure to alternative investment assets, such as infrastructure and broader private market assets, as well as TPTIM’s leading Responsible Investment capabilities.
“The funds will allow schemes to benefit from asset pooling and provide access to a range of investments that would not necessarily be available as a standalone scheme. Our investment team has worked closely with trustees for many decades to deliver a strong performance with robust governance and investment expertise they can trust. Being owned by a pension scheme means we can pass the benefits of our expertise on to other trustees.”
CGFMUK CEO Jeremy Soutter adds: “We are delighted to have been chosen by TPTIM to act as alternative investment fund manager for their range of collective investment schemes and to have the first two funded and open for investment.”