FutureWise, Fidelity International’s default investment strategy for UK workplace pension schemes, has launched a private markets partner network, a group of general partners (GPs) designed to provide it exposure across illiquid assets.
According to FutureWise, which has £25bn in assets under management, the group of GPs gives the default strategy specialist exposure to private equity, private credit, infrastructure and real estate.
Read more: UK DC funds ramp up private market allocations
The network currently represents a curated selection of funds and strategies from each partner held within the Fidelity Diversified Private Assets Long-Term Asset Fund (LTAF), in which FutureWise is invested and which is targeting a 15 per cent allocation during its growth phase.
At present, 10 GPs have been selected by the LTAF, with additional partnerships expected as the allocation scales towards its long-term target.
The managers selected include Ares Management, Bridges Fund Management, Crescent Capital, Churchill Asset Management, CVC Capital Partners, DigitalBridge, Fidelity International, Haveli Investments, Hg and Stonepeak.
Read more: UK LTAFs gain momentum as DC pensions target private markets
“More than one year on from the launch of the Fidelity Diversified Private Assets LTAF, we are pleased to unveil our private markets partner network,” said Vivian Liu, head of private markets portfolio management at Fidelity International. “We have carefully selected a group of specialist GPs to provide diversified exposure across private markets.”
