The fund will invest in early-stage UK companies focused on technology and sciences, including AI, quantum computing, fintech, cybersecurity and oncology.
Phoenix Group and Schroders to launch private markets investment manager
Defined contribution (DC) schemes and other institutional investors will be able to participate in the strategy.
The LTAF will be seeded with an investment of £300m from Phoenix Group and the British Business Bank – with a commitment of £150m each – as part of the government’s Long-Term Investment for Technology and Science (LIFTS) initiative.
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