FCA requests feedback on new long-term asset fund

by Krystal Scanlon 10 May 2021

The FCA has launched a consultation on a new long-term asset fund (LTAF), designed to support investors wanting access to illiquid assets.

Aim

The LTAF aims to provide an open-ended fund structure that accommodates private equity, venture capital, private debt, real estate and infrastructure strategies. The open-ended nature of the proposed fund structure is a key feature in the development of these vehicles, as it would allow investors to move in and out of investments at the net asset value. 

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