In a bid to become the "go to Ltaf provider", Aviva Investors has brought a new fund to market.
The firm has converted its climate transition real asset fund to a long term asset fund.
It is the second Ltaf offered by the firm, following the launch its it's real estate Ltaf in May 2023.
Daniel McHugh, chief Investment officer, said: "Our research shows investors are looking for access to investments that deliver long-term performance whilst being aligned with net zero commitments.
"By converting our Climate Transition fund to an Ltaf structure, we believe we have a product that is market-leading in both those areas, providing opportunities to invest in exciting growth sectors which support the UK economy and its transition towards net zero, whilst maximising the investment outcomes of people saving for retirement."
The Ltaf was launched in 2021 by the FCA with the open-ended investment fund structure aiming to give investors access to infrastructure and private equity, but with a notice period of at least 90 days.
In an update to the structure in June 2023, the Financial Conduct Authority announced it would allow retail investors, such as those in DC pension schemes, to access long term asset funds.
An Aviva study this year showed 60 per cent of corporate defined contribution pension funds expect to increase allocations to real assets over the next two years
Jill Barber, global head of distribution at Aviva Investors, said: "We have a very clear ambition to offer our clients better access to illiquid assets and believe this innovative fund structure will further that goal.
"We aspire to be the go-to Ltaf provider for the UK’s DC and wealth markets by providing a comprehensive suite of funds that reflect feedback and demand from clients for greater access to the full breadth of real assets investment strategies."
The climate transition fund was originally launched in 2021 and provides investors with access to climate transition focused solutions across European assets, including real estate, infrastructure and nature based solution.
tara.o'connor@ft.com
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