Key Takeaways
- • Macfarlanes advised M&G Investments on the launch of the M&G Diversified Private Credit Feeder LTAF, M&G's first private credit focused Long-Term Asset Fund.
- • The LTAF gives defined contribution (DC) pension scheme members access to a diversified portfolio of credit investments.
- • The fund channels capital to businesses and projects across the UK and Europe.
- • The Macfarlanes deal team was led by Head of Regulated Funds Lora Froud, with Senior Counsel Alexandra Cochrane and Senior Associate Sandeesh Shah; tax advice came from Partner Sarah Shucksmith and Associates Saskia Rock-Williams and Alec Siegert.
Summary
The feeder fund is designed to provide defined contribution (DC) pension scheme members with access to a diversified portfolio of credit investments. By doing so, it channels capital to businesses and projects across the United Kingdom and Europe, extending private credit exposure to DC pension savers through the LTAF structure.
The Macfarlanes team was led by Head of Regulated Funds Lora Froud, supported by Senior Counsel Alexandra Cochrane and Senior Associate Sandeesh Shah. Tax advice was provided by Partner Sarah Shucksmith and Associates Saskia Rock-Williams and Alec Siegert.
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