TPT Investment Management (TPTIM), the investment management company part of the TPT Retirement Solutions group, has completed the successful launch of a new GBP720 million Investment Grade Bond Fund.
The firm writes that this is a collective investment vehicle for UK pension schemes and has been seeded with capital from TPT’s DB master trust.
TPTIM’s new Investment Grade Bond Fund is invested in predominantly public investment grade bonds with a low probability of default over the long term. The fund will play an important role in TPTIM’s endgame solutions. It is the fifth in a series of seven planned launches of new collective investment vehicles. The vehicles are designed by TPTIM to provide pension schemes with easy access to a wide range of investment strategies. It will enable pension schemes joining TPT to immediately achieve scale benefits across asset classes by aggregating with the assets in the master trust. In this way, TPTIM will build on the successful model of scheme consolidation – pooling assets to deliver value and impact – to the benefit of pension schemes.
The firm writes that access to the new fund is available through TPT’s new fiduciary management service, launched in October 2024, adding that the service builds on the successful model of scheme consolidation for the benefit of defined benefit pension schemes. The service enables schemes to benefit from increased diversification, better value through economies of scale, high quality governance, and ongoing investment expertise.
Amar Jethwa, Portfolio Manager for the Investment Grade Bond Fund at TPT Investment Management, comments: “With the launch of the Investment Grade Bond Fund, TPTIM continues to deliver solutions tailored to the evolving needs of pension schemes. This fund represents a significant milestone in our endgame strategy, providing schemes with access to high-quality, low-default-risk bonds in a simple and scalable format. The launch of this fund highlights TPTIM’s commitment to helping pension schemes achieve long-term security through expertly designed investment vehicles.”
