Earlier this year, Fulcrum launched its first LTAF on behalf of a single-employer UK defined contribution (DC) pension scheme. The second fund is expected to launch on 29 November 2024. Waystone will act as the Authorised Corporate Director for both funds, the firm said in a statement.

The fund, which is a UK open-ended investment company (OEIC), will target long-term capital growth via exposure to a diversified mix of private assets including value-add real estate, value-add infrastructure, natural resources, alternative credit and private equity, including venture capital.

The WS Fulcrum Diversified Private Markets LTAF is an open architecture solution, with the underlying managers being drawn from Fulcrum’s Panel of Illiquid Specialists, a group which Fulcrum has assembled over a number of years. These specialists are responsible for sourcing and implementing high quality illiquid investment opportunities, the firm added.

The product will offer a simple, transparent, flat-fee structure. “We are thrilled to be bringing our LTAF to the broader professional investor marketplace. Matthew Roberts, head of Fulcrum Alternative Solutions, said.

Founded in 2004, the firm manages £5.6 billion ($7.3 billion) on behalf of a global client base including institutions and wealth managers.

Quai Digital, Winterflood Business Services
to deliver custody and dealing services. 

The services are available to Quai Investment Services (QISL) – part of the Quai Digital group – and its partner firms.

Winterflood’s custody service will provide Quai with reporting on corporate actions, dividends, and transfers with access to real time balances. Its automated dealing solution will widen asset reach while simplifying and streamlining asset servicing functions, Winterflood said. 

Winterflood Business Services has more than £12 billion ($15.4 billion) assets under administration. Quai was founded in 2011 and manages £2 billion in AuA.