This marks the launch of Aegon Asset Management’s first Long-Term Asset Fund (LTAF), with Carne Group serving as the fund’s authorised corporate director (ACD).
The CG Aegon AM Private Credit fund will provide clients with access to a range of private credit strategies, including corporate lending, fund financing, insured credit, renewable energy investments, and asset-backed finance, as stated by Aegon.
Aegon Asset Management announced plans to launch this product last summer, pending regulatory approval. Jill Johnston, head of institutional business at Aegon AM, highlighted the growing interest in private markets, particularly from defined contribution pension funds and wealth managers who previously had limited exposure to this asset class.
Johnston explained that the LTAF provides access to illiquid assets within a regulated framework, offering added investor protection through its valuation, subscription, and redemption processes. This structure also promotes long-term investment, making it well-suited for pension savings where daily liquidity isn’t required.
