TPT Investment Management launches £600m global equity fund

TPT Investment Management (TPTIM) has launched a £600m (€691m) global equity fund seeded with capital from TPT’s defined benefit (DB) master trust.

The new fund aims to address the evolving needs of pension funds to find “reliable, attractive returns amid a continually evolving regulatory backdrop and increasing global dislocation”.

The fund offers diversified access to global equities through a blend of specialist active managers and a low-carbon transition passive strategy, with a clear objective of delivering long-term outperformance of the MSCI All Country World Index, TPTIM explained.

It added that utilising the manager’s scale, the fund has exposure to attractive risk premia that would otherwise be inaccessible.

This is the seventh, and last in the series of planned funds, fund to be launched by TPT to date and follows the launch of £170m global credit opportunities fund, £720m investment grade bond fund, £800m liquid alternatives fund, £650m private credit fund, £500m real asset fund and £300m secure income fund.

TPTIM has designed these new, collective investment vehicles to provide pension funds with easy access to a wide range of investment strategies. They enable pension schemes joining TPT to immediately achieve scale benefits across asset classes by aggregating with the assets in its own master trust, the firm stated.

Peter Smith, investment director at TPTIM, said the new fund will help further diversify TPTIM’s offering to members and schemes, while also continuing to expand its “extensive suite of consolidation solutions”.

He said: “The new fund complements TPT’s existing collective investment vehicles, offering schemes access to scale, diversification, and the ability to build solutions targeted to their specific financial objectives and risk preferences.”

Smith added that consolidation is at the “heart” of TPT’s offering and the latest fund launch exemplifies the manager’s commitment to providing access to the benefits of scale across DB, defined contribution and collective defined contribution.

“The fund launch follows the unveiling of our new DC proposition earlier this year, which gives members access to a straightforward, sustainable stream of income in retirement, alongside digital tools that will help individuals make pension choices more easily than ever.”

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