LTAF · Multi-Asset · Domiciled in United Kingdom
Legal & General Private Markets LTAF
Managed by L&G Asset Management, UK. Product design, fees, liquidity terms and AuM development, tracked monthly by Novantigo.
About this fund
Legal & General Private Markets LTAF is an open-ended LTAF managed by L&G Asset Management and domiciled in United Kingdom, launched in 2024 and denominated in GBP. The vehicle is constituted as an authorised contractual scheme and operates under the LTAF regime, which is designed to hold illiquid private assets inside a permanently open structure rather than a fixed-life drawdown fund; the N/A entry for the European long-term fund framework reflects that the vehicle is authorised domestically rather than under the EU regime. Units are offered to professional investors on a domestic distribution basis.
Because the fund is evergreen, capital is deployed from a continuing pool rather than through capital calls against commitments, and investor access is governed by the dealing and notice mechanics set out in the scheme documents, which under the LTAF framework are calibrated to the liquidity profile of the underlying holdings. The multi asset mandate spreads exposure across private market segments inside a single multi-asset wrapper, so allocation shifts occur within the fund rather than requiring the investor to size separate line items.
Within the Novantigo coverage universe of 494 vehicles as of 31 Aug 2026, it is one of 62 funds in the multi-asset category, one of 31 domiciled in United Kingdom, and one of 13 that combine both. Reported assets stand at , with the recent direction of fund size shown by ; both figures are benchmarked against the same peer sets.
Included in the free trial
Inside every full profile35 locked fields
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
- L&G Asset Management
- Fund type
- LTAF
- ISIN
- GB00BS44SF45
- Legal structure
- ACS
- Regulatory regime
- LTAF
- ELTIF version
- N/A
- Fund structure
- Open-End
- Inception
- 15 May 2024
- Base currency
- GBP
Strategy
- Asset class
- Multi-Asset
- Strategy
- Multi Asset
- Geographic focus
- Global
Access & distribution
- Investor type
- Professional
- Distribution scope
- Domestic
- Distribution countries
- United Kingdom
›Frequently asked questions
- Who manages Legal & General Private Markets LTAF?
- Legal & General Private Markets LTAF is managed by L&G Asset Management, headquartered in UK.
- 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.