TPT Investment Management launches £650m Private Credit Fund

• TPT Investment Management successfully launches a new Private Credit Fund for pension schemes

• The fund provides UK schemes with access to a wide range of investment opportunities in the Private Credit universe

• This is the third and largest new fund launch for TPT Investment Management since its creation in 2023

• Schemes can invest in the new fund through TPT’s DB Connect and DB Complete propositions

TPT Investment Management (TPTIM), the Investment Management company and part of the TPT Retirement Solutions group, has completed the successful launch of a new Private Credit Fund. This is a collective investment vehicle for UK pension schemes and has been seeded with capital from TPT’s DB master trust.

TPTIM’s new Private Credit Fund has £650 million in assets invested in a broad spectrum of private investment opportunities across the credit market. The fund contains a diverse range of risk premia not readily available to smaller schemes. This is the largest fund launch so far for TPTIM and the third in a series of seven planned launches. The new collective investment vehicles are designed by TPTIM to provide pension schemes with easy access to a wide range of investment strategies.

The collective investment vehicles will enable pension schemes joining TPT to immediately achieve scale benefits across asset classes by aggregating with the assets in the master trust. In this way, TPTIM will build on the successful model of scheme consolidation – pooling assets to deliver value and impact – to the benefit of corporate pension schemes.  

Access to the new TPTIM funds is available through its fiduciary management service via the new DB Connect proposition that allows third-party trustees to benefit from TPT’s pensions and investment expertise while retaining the trusteeship of their scheme. 

Simon Moss, Portfolio Manager for the Private Credit Fund at TPT Investment Management, comments: 

“Our latest in the series of new fund launches will continue to broaden our schemes’ access to a diversified range of assets. This fund will allow schemes to benefit from asset pooling and investment types that would not necessarily be available to smaller, stand-alone schemes. The experience of our investment team and alignment of interests with our ownership will allow us to continue to pass these benefits onto other trustees and schemes.”

Notes to Editors:

TPT Retirement Solutions (TPT) is one of the UK’s leading providers of workplace pensions with over 75 years’ experience of managing defined benefit and defined contribution pension schemes. It has £9.6 billion of assets under management (as at 30 September 2023) and more than 450,000 members.

TPT’s mission is to make pension schemes perform better for everyone, from the sponsoring employers and trustees to the members who are saving for the future. It is an innovative, forward-thinking organisation, investing in technology to improve the services they provide. TPT is ultimately owned by a pension fund, providing genuine alignment of interests with those of its clients and scheme members.

TPT Retirement Solutions Limited is wholly owned by Verity Trustees Limited in its capacity as trustee of The Pensions Trust. TPT Retirement Solutions Limited provides pension management and administration services to UK pension schemes.

TPT Investment Management Limited is a wholly owned subsidiary of TPT Retirement Solutions Limited. TPT Investment Management Limited is authorised and regulated by the Financial Conduct Authority (FCA) and provides investment management and consultancy services to UK pension schemes.

Registered address: Verity House, 6 Canal Wharf, Leeds LS11 5BQ.