Macfarlanes advises Fulcrum on their diversified private markets LTAF

Macfarlanes has advised Fulcrum Asset Management LLP, and its independent authorised corporate director Waystone Management (UK) Limited, on the launch of an open-ended private market focussed fund under the Long-Term Asset Fund (LTAF) regime – the first LTAF to be approved by the UK’s Financial Conduct Authority with an independent authorised corporate director.

The LTAF will provide a defined contribution default pension scheme’s investors with access, through Fulcrum’s bespoke fund of funds strategy, to a diversified portfolio of illiquid private market investments comprising real estate, infrastructure, natural resources, alternative credit and private equity.

The LTAF has received regulatory approval from FCA and will be launched later in the year.

Fulcrum is a leading independent asset manager investing across all major private market asset classes and geographies.

Waystone is a leading provider of institutional governance, risk and compliance services to the global asset management industry including independent authorised corporate director services.

The Macfarlanes team was led by investment management partner Lora Froud with assistance from senior associates Emma Garnham and Tiffany Cox and associate Katie Bartlett.