TPT Investment Management (TPTIM) has launched a £720m investment grade bond fund, seeded with capital from its own defined benefit (DB) master trust.
This is the fifth of TPTIM’s seven planned fund launches, aimed at providing pension schemes with easy access to a wide range of investment strategies.
So far, TPT has launched a £650m private credit fund, a real assets fund and a secure income fund.
The investment grade bond fund is invested predominantly in public investment grade bonds with a low probability of default over the long term, and it will play an important role in TPTIM’s endgame solutions.
Access to the new fund is available through TPT’s new fiduciary management service, launched in October 2024. The service builds on the successful model of scheme consolidation for the benefit of DB pension schemes.
The service enables schemes to benefit from increased diversification, and better value through economies of scale, high-quality governance, and ongoing investment expertise.
Amar Jethwa, portfolio manager for the investment grade bond fund at TPTIM, said: “With the launch of the investment grade bond fund, TPTIM continues to deliver solutions tailored to the evolving needs of pension schemes.”
Jethwa said the fund represents a “significant milestone” in TPT’s endgame strategy, providing schemes with access to high-quality, low-default-risk bonds in a simple and scalable format.
He continued: “The launch of this fund highlights TPTIM’s commitment to helping pension schemes achieve long-term security through expertly designed investment vehicles.”
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