Phoenix Group and Schroders have formed a strategic partnership to launch a private markets investment manager, Future Growth Capital (FGC).
The asset management partnership will have an initial commitment of £1bn and aim to deploy a total of £10-20bn of investor funds into UK and global private markets over the next decade. Phoenix Group said it had initially identified around £50bn of defined contribution products where illiquid assets have the potential to deliver better long-term outcomes for policyholders. Schroders tables FCA application to launch private markets LTAF for wealth clients The firm said it intends to invest 5% of these assets, around £2.5bn, in the partnership over the coming three to five years in l...
To continue reading this article...
Join Investment Week for free
Signup and gain exclusive members-only insights - all free of charge!
- Unlimited access to real-time news, analysis and opinion from the investment industry, including the Sustainable Hub covering fund news from the ESG space
- Get ahead of regulatory and technological changes affecting fund management
- Important and breaking news stories selected by the editors delivered straight to your inbox each day
- Weekly members-only newsletter with exclusive opinion pieces from leading industry experts
- Be the first to hear about our extensive events schedule and awards programmes
