LTAF · Private Debt · Domiciled in United Kingdom
CG Scottish Widows Diversified Credit LTAF
Managed by BNP Paribas Asset Management, France. Product design, fees, liquidity terms and AuM development, tracked monthly by Novantigo.
About this fund
CG Scottish Widows Diversified Credit LTAF is an open-ended private markets vehicle managed by BNP Paribas Asset Management and domiciled in United Kingdom, where it is authorised under the LTAF regime as a LTAF. The vehicle is constituted as an ICVC/OEIC and reports in GBP, and it has been operating since 2025. Access is restricted to professional investors, and distribution is domestic rather than cross-border, which places the fund within the UK long-term asset fund framework rather than the European ELTIF route; the N/A designation reflects that distinction.
The portfolio is run as a multi-strategy mandate within private debt, combining several credit sub-strategies in a single wrapper instead of concentrating on one lending format. The open-ended structure means capital is deployed and recycled on a continuing basis rather than through a fixed drawdown and harvest cycle, with dealing and liquidity management governed by the LTAF rules applicable to the vehicle; investors assessing liquidity should refer to the fund's own dealing terms, as subscription, redemption, notice and valuation details are not reported in this dataset. Reported assets of and an asset trend of are the principal scale indicators available as of 31 Aug 2026.
For context, the fund is one of 148 private debt vehicles and one of 31 funds domiciled in United Kingdom in a universe of 494 covered funds, and one of only 7 that combine both characteristics, making its peer set for direct comparison on size and structure a narrow one.
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Fees & costs
- Entry fee
- Redemption fee
- Management fee (retail, low)
- Management fee (retail, high)
- Management fee (institutional, low)
- Management fee (institutional, high)
- Early-investor fee
- Fee basis
- Operating expenses
- Distribution fee
- Total cost ratio
- Performance fee
- Hurdle rate
- High-water mark
Portfolio construction
- Fund-of-funds share
- Primaries share
- Secondaries share
- Directs share
- Co-investments share
- Liquidity pocket
- Europe allocation
- North America allocation
- Asia-Pacific allocation
- Latin America allocation
- Rest-of-world allocation
Terms & scale
- Latest AuM
- Target size
- Target IRR
- Life span
- Redemption gate
- Lock-up penalty
- Leverage limit
- Leverage (AIFMD)
- Share classes
- Master-feeder setup
Key facts
Structure
- Manager
- BNP Paribas Asset Management
- Fund type
- LTAF
- Legal structure
- ICVC/OEIC
- Regulatory regime
- LTAF
- ELTIF version
- N/A
- Fund structure
- Open-End
- Inception
- 20 Aug 2025
- Base currency
- GBP
Strategy
- Asset class
- Private Debt
- Strategy
- Multi-Strategy
- Geographic focus
- Global
Access & distribution
- Investor type
- Professional
- Distribution scope
- Domestic
- Distribution countries
- United Kingdom
›Frequently asked questions
- Who manages CG Scottish Widows Diversified Credit LTAF?
- CG Scottish Widows Diversified Credit LTAF is managed by BNP Paribas Asset Management, headquartered in France.
- What is an evergreen fund?
- An evergreen fund is an open-ended private markets vehicle with no fixed end date: investors subscribe and redeem at recurring intervals instead of committing to a closed fund term.
Sourced from prospectuses, KIDs, factsheets and regulatory registers. Data as of 31 Aug 2026.