What is the L&G Private Markets Access Fund?
A weekly dealing, diversified fund offering Defined Benefit schemes the opportunity to access the benefits of private markets.
If you are a Defined Contribution investor please click here
How might schemes benefit from investing in private markets?
Aiming for better outcomes
Target attractive returns from a diversified private markets portfolio.
Open architecture approach
A global, open architecture approach that combines established L&G capabilities with third-party direct and listed exposure.
Targets structural liquidity
Offers the potential for structural liquidity from underlying assets and investor flows.
What’s under the bonnet?
The L&G Private Markets Access Fund invests in a diversified range of assets.
For illustrative purposes only.
Source: L&G, as at June 2024. Please note the L&G NTR Clean Power (Europe) Fund is currently closed to new investment (as at April 2025).
How might Private Market investments benefit DB schemes?
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 schemes
Our commitment to responsible investing is reflected in L&G’s purpose: “Investing for the long term. Our futures depend on it.” We aim to drive long-term value creation by working with companies and policy stakeholders to create opportunities and take action to mitigate systemic risks.
Engagement
We engage with companies, regulators, policymakers, industry peers and other stakeholders around the world to tackle systemic risks.
Exclusions
We prioritise engagement over divestment. Nevertheless, certain fund ranges and strategies will adopt exclusions reflecting globally accepted standards of business practice. This includes companies that have failed to make progress on our minimum expectations on climate change, under our Climate Impact Pledge.
Enhancements
We deploy tools including selection and ‘tilting’. 'Tilting' is our approach that allocates more capital to companies with higher ESG scores and less to companies with poor ESG scores, which we believe provides a compelling blend of impact, transparency, and market exposure.
Please read the fund profile (accessed below) for more information about the processes mentioned here.
Whilst L&G has integrated Environmental, Social, and Governance (ESG) considerations into its investment decision-making and stewardship practices, this does not guarantee the achievement of responsible investing goals within funds that do not include specific ESG goals within their objectives.
Surplus extraction is here
What should DB schemes do now?
The government is making it easier for well-funded DB schemes to release surplus, when ‘safe to do so’, and trustees will need to set out their proposed approach to surplus extraction as part of their statement of strategy.
Recommended content for you
Insights
Latest DB blogs
Tailored content for DB schemes. Includes our latest articles, market views, podcasts, videos, webinars and more.
DB capabilities
We provide solutions for every stage of a pension scheme’s life cycle, informed by our significant investment management capabilities.
Private Markets
Offering clients access to a range of private market strategies to match their investment needs.
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 L&G’s Fund Centres.