11NOV24: The UK’s FCA has approved the launch of Fulcrum’s first commingled long term asset fund (LTAF), WS Fulcrum Diversified Private Markets LTAF. Waystone, the provider of specialist services to the asset management sector, will act as the Authorised Corporate Director. This follows the launch of Fulcrum’s first LTAF earlier this year, for a single defined contribution (DC) pension scheme, which saw Waystone become the first independent ACD to have an LTAF approved by the FCA. This second fund is an open-ended UK OEIC targeting a mix of private assets including infrastructure, real estate, private credit and private equity (including venture capital).
