
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
L&G 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?
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 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
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.
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L&G Lifetime Advantage Funds
Aiming to improve member outcomes by creating a better future for them and the world
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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.