TPT Investment Management (TPTIM), a fiduciary management company and part of the UK pension fund TPT Retirement Solutions group, has completed the launch of two new Alternative Investment Funds, together with Carne Global Fund Managers.
The funds are collective investment vehicles for UK pension schemes and have been seeded with capital from TPT’s DB master trust.
These are the first two in a series of seven planned investment funds launching throughout 2024. The funds will provide DB pension schemes with access to all major public and private asset classes.
TPTIM’s new Real Assets Fund has more than £500 mln in assets invested in unlisted infrastructure with a 25% exposure to renewable energy helping to support the green transition. More than one-third of its assets are based in the UK. TPTIM’s Secure Income Fund has over £300 mln in assets invested in private credit and secured financing.
The fund launches are the first of a planned series of new collective investment vehicles designed by TPTIM to provide pension schemes with access to a wide range of investment strategies.
Peter Smith, head of Investment at TPT Investment Management, commented: '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.'
