In brief: Schroders launches ‘UK’s first’ transition infra LTAF

Schroders Greencoat, the renewable infrastructure arm of Schroders Capital, has launched what it claims to be the UK’s first Long-Term Asset Fund dedicated to energy transition infrastructure.

Global Renewables+ LTAF will invest in wind and solar assets, as well as hydrogen, heating and storage. It is an open-ended vehicle: Schroders did not disclose fundraising targets in its statement.

LTAFs were introduced by the UK’s Financial Conduct Authority in 2021 to enable defined contribution pension schemes in the UK to invest in illiquid private assets. Schroders was the first GP to establish an LTAF when it unveiled its climate fund, Climate+, last year. Blackrock has since followed suit.

• Further reading: Schroders launches climate impact fund for the UK’s first LTAF.