Private equity in your ISA: a step in the right direction
The UK government will permit Long-Term Asset Funds in specialised individual savings accounts from April 2024, with details on how this will be implemented still to come.
It is about to become easier for individuals to invest in private equity – but GPs, take note: the floodgates withholding retail capital en masse aren’t opening just yet.
Last week, the UK’s financial regulator made long-term illiquid assets such as private equity investments more accessible for non-institutional investors. Long-Term Asset Funds – an open-ended vehicle launched by the UK government in 2021 and characterised by specific features such as periodic liquidity – will be opened to individual savers. LTAFs were previously only promoted to professional investors and institutional investors...
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