UK-based TPT Investment Management has launched a £720m investment grade bond fund.
The fund is a collective investment vehicle for UK pension schemes and has been seeded with capital from TPT’s DB master trust.
The new fund is predominantly invested in public investment grade bonds with a low probability of default over the long term.
The fund is the fifth in a series of seven planned launches of new collective investment vehicles. The vehicles are designed to provide pension schemes with easy access to a wide range of investment strategies.
Fund manager Amar Jethwa said: “This fund represents a significant milestone in our endgame strategy, providing schemes with access to high-quality, low-default-risk bonds in a simple and scalable format.”
