Simmons & Simmons has long supported the development of a regime to broaden investor access to long-term productive capital. We were the only law firm represented on the Productive Finance Working Group (PFWG), established by the Bank of England, the FCA and HM Treasury to develop practical solutions to the barriers to investing in long-term, less liquid assets. See our recent article for links to the PFWG Report and Guides here. Our involvement in the successful authorisation of the first LTAF in the UK reflects our commitment to this important initiative.
The Simmons & Simmons team was led by Neil Simmonds, John Dooley and Dom Buxton, with other members of the team providing valuable support.
Commenting on the deal, Head of Funds (and PFWG Steering Committee member) David Williams said “All congratulations to the Schroders Capital team on a fantastic achievement. The launch of the first ever LTAF is a real milestone - for Simmons, for Schroders and for the UK funds industry as a whole. For the Simmons team, this accentuates our position as the go-to firm for asset managers, firmly establishing Simmons as the leading advisers on the UK’s new LTAF vehicle".
