LTAF · Multi-Asset · Domiciled in United Kingdom
Diversified Alternative Strategies LTAF
Managed by BlackRock, US. Product design, fees, liquidity terms and AuM development, tracked monthly by Novantigo.
About this fund
Diversified Alternative Strategies LTAF is an open-ended vehicle managed by BlackRock and domiciled in United Kingdom, launched in 2023 and denominated in GBP. It is constituted as an authorised contractual scheme and authorised under the LTAF regime, the UK framework designed to hold long-term and less liquid assets inside a permanently open structure rather than a closed-end drawdown vehicle. The LTAF wrapper means dealing terms are set to match the liquidity of the underlying portfolio, with subscription and redemption mechanics governed by the fund's own documentation rather than by daily-dealing conventions.
The strategy is classified as multi asset within the multi-asset asset class, so exposure is assembled across multiple private and alternative return sources in a single allocation rather than through a single sector or deal type. Distribution is domestic, aligning the vehicle with UK-based investors, including defined contribution pension arrangements and wealth channels for which the LTAF structure was created.
Within our coverage of 494 vehicles, it is one of 62 funds in the multi-asset asset class and one of 31 domiciled in United Kingdom, narrowing to 13 that combine both characteristics. Reported assets stand at , with the recent direction of fund size shown by ; both are benchmarked against that peer set. Figures reflect data as of 31 Aug 2026.
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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
- BlackRock
- Fund type
- LTAF
- Legal structure
- ACS
- Regulatory regime
- LTAF
- ELTIF version
- N/A
- Fund structure
- Open-End
- Inception
- 15 May 2023
- Base currency
- GBP
Strategy
- Asset class
- Multi-Asset
- Strategy
- Multi Asset
Access & distribution
- Distribution scope
- Domestic
- Distribution countries
- United Kingdom
›Frequently asked questions
- Who manages Diversified Alternative Strategies LTAF?
- Diversified Alternative Strategies LTAF is managed by BlackRock, headquartered in US.
- 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.