One of Britain’s most outstanding pensions trade entrepreneurs is to listing a brand new car geared toward attracting illiquid property held in retirement schemes.
Sky News understands that Long Term Assets, a Guernsey-based funding firm established by Edi Truell, will announce on Friday its intention to drift on the specialist funds phase of the London Stock Exchange.
The firm will spend money on a portfolio of property largely comprising infrastructure, sustainable sources and personal investments.
Among its current holdings are stakes in Atlantic SuperConnection, a renewable power infrastructure venture; Telent, a UK-based fibre-optic and telecoms set up, operation and upkeep agency; and ViroCell, which designs and manufactures cell and gene remedy viral vectors.
The LTA portfolio is claimed to have been valued lately at roughly £160m.
One insider mentioned the corporate’s means to just accept a variety of personal markets property in alternate for shares was prone to attraction to pension funds in search of to enhance the liquidity of their portfolios within the wake of the latest disaster which hit the trade.
Through his personal fairness agency, Disruptive Capital, Mr Truell has backed what he believes is a portfolio of “disruptive” corporations that can turn into pivotal in a fast-changing international financial system.
LTA’s board is chaired by Michelle McGregor-Smith, the previous boss of the £27bn British Airways Pension Scheme.
Mr Truell, a pensions adviser to Boris Johnson throughout the latter’s tenure as mayor of London, helped to ascertain Pension Insurance Corporation, the specialist pensions insurer.
LTA couldn’t be reached for touch upon Thursday.
Source: information.sky.com”