Key Takeaways
- • Mercer will commit an initial £350m from its UK master trusts to a new bespoke Long-Term Asset Fund (LTAF) run by Schroders, according to multiple reports of the announcement.
- • The Schroders Mercer Private Assets Growth LTAF Q1 is designed as the primary vehicle for Mercer's private market allocations across its UK workplace pension funds.
- • The LTAF is expected to receive the £350m commitment in its first year, with further investment anticipated thereafter.
- • The fund is issued by Schroder Unit Trusts Limited and carries a 0.97% redemption fee, per fund information cited in the coverage.
Summary
Mercer, the consultancy and investment arm of Marsh McLennan, plans to commit £350m to a new bespoke Long-Term Asset Fund (LTAF) managed by Schroders, according to coverage from Citywire, Professional Pensions and other trade publications. The commitment comes from Mercer UK's master trusts, which will use the vehicle as the main route for private market exposure across their UK workplace pension arrangements.
The fund is named the Schroders Mercer Private Assets Growth LTAF Q1 and is described as having an inception and launch date of 25 March 2026. Fund materials list a 0.97% redemption fee. The reports indicate the LTAF is expected to receive an initial investment commitment of £350m from Mercer's master trusts in its first year, with further inflows anticipated over time.
The structure reflects growing demand among UK defined contribution and master trust providers for access to private markets through LTAFs, which are designed to accommodate illiquid assets within a daily-dealing framework suitable for workplace pensions. Coverage consistently frames the initiative as a consolidation of Mercer's private market allocations into a single, bespoke vehicle.
The source articles could not be retrieved in full, so the details above draw on headlines and summary excerpts from the cited publications. Fund-level terms beyond those reported, including full strategy allocations and underlying manager commitments, were not available in the material reviewed.
The fund is named the Schroders Mercer Private Assets Growth LTAF Q1 and is described as having an inception and launch date of 25 March 2026. Fund materials list a 0.97% redemption fee. The reports indicate the LTAF is expected to receive an initial investment commitment of £350m from Mercer's master trusts in its first year, with further inflows anticipated over time.
The structure reflects growing demand among UK defined contribution and master trust providers for access to private markets through LTAFs, which are designed to accommodate illiquid assets within a daily-dealing framework suitable for workplace pensions. Coverage consistently frames the initiative as a consolidation of Mercer's private market allocations into a single, bespoke vehicle.
The source articles could not be retrieved in full, so the details above draw on headlines and summary excerpts from the cited publications. Fund-level terms beyond those reported, including full strategy allocations and underlying manager commitments, were not available in the material reviewed.
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