Making private markets a little less private
What is the L&G Private Markets Access Fund?
We have created a daily dealing fund designed to offer Defined Contribution (DC) schemes access to the benefits of a diversified range of private market investments.
How might scheme members benefit from investing in private markets?
Aiming for better outcomes
Gaining in popularity with investors, private markets can give access to a new, diversified range of assets. This has the aim of enhancing members’ returns and outcomes.
Can integrate responsible investing
LGIM invests in assets that we believe will help create a better future, while also seeking to deliver attractive risk-adjusted returns. These may include infrastructure and scientific research projects.
Open architecture approach
Combines established L&G capabilities, including real assets and private markets, with third party direct and listed exposure. This aims to provide investors with some of the best opportunities available across private markets.
What’s under the bonnet?
The L&G Private Markets Access Fund invests in a diversified range of assets, that are not typically available to DC schemes and their members.
Source: LGIM, as at June 2024.
How might Private Market investments benefit DC members?
Enhanced returns
through a reasonable expectation of an illiquidity premium.
Improved diversification
through exposure to a wide range of companies and strategies that are not typically accessible through public markets.
Opportunity to focus on sustainability
through investment in high-growth sectors such as clean power and affordable homes.
Investing responsibly for our members
We consider responsible investment as a financially material risk and it is therefore integrated into our overall approach to investment. As part of this, we have integrated the following approaches for various parts of the portfolio.
Engagement
LGIM engages with companies, regulators, policymakers, industry peers and other stakeholders to tackle important issues which have the potential to affect us all.
Exclusions
LGIM can divest from particular companies or issuers if they don’t meet certain sustainable thresholds, e.g. those on LGIM’s Climate Impact Pledge, Future World Protection List or Policy on Coal. This is implemented as appropriate across the fund.
Enhancements
LGIM can amplify the sustainable credentials of a portfolio by investing more in those companies that score more highly from a sustainability perspective. We engage with the underlying fund managers to encourage them to invest in this way.
Whilst LGIM can integrate Environmental, Social, and Governance (ESG) considerations into its investment decision-making for part of the fund, and stewardship practices, this does not guarantee the achievement of responsible investing goals within the portfolio.
L&G Private Markets Access Fund
L&G Lifetime Advantage Funds
Aiming to improve member outcomes by creating a better future for them and the world
Get in touch
Get in touch
If you would like any further information please complete the contact us form.
Key risks
The value of any investment and any income taken from it is not guaranteed and can go down as well as up, and investors may get back less than the amount originally invested. Past performance is not a guide to the future. Asset allocation is subject to change. It should be noted that diversification is no guarantee against a loss in a declining market. Assumptions, opinions and estimates are provided for illustrative purposes only. There is no guarantee that any forecasts made will come to pass. The risks associated with each fund or investment strategy should be read and understood before making any investment decisions. Further information on the risks of investing is available from LGIM’s Fund Centres.