Government and fund industry edge closer to LTAF agreement

In particular, industry professionals declared their continued support for the introduction of Long-Term Asset Funds (LTAFs) into the UK investment landscape, which would allow market participants access to longer-term, less liquid assets like venture capital, private equity, and real estate. New rules, which came into force in November following a period of consultation by the FCA, outlined that LTAFs may be distributed to professional investors, high net worth individuals and sophisticated retail investors. On 16 November 2021, the government laid out a requirement for LTAFs to meet...