International law firm Simmons & Simmons is pleased to announce that it has advised Schroders Capital on the structuring, launch and FCA authorisation of its second LTAF.
This follows on from the firm’s work with Schroders Capital to achieve the landmark first ever LTAF authorisation on 9 March 2023 (see press release). Simmon's involvement in the launch of a further LTAF, this time developed by the Schroders Greencoat team, is understood to be only the third LTAF approved by the FCA, and further cements the firm's commitment to, and leading position in, this important initiative.
Simmons & Simmons has long supported the development of a regime to broaden investor access to long-term productive capital. Simmons is 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).
The Simmons & Simmons team was led by Neil Simmonds, John Dooley and Dom Buxton, from the Simmons Regulated Funds Team, with other members of the team providing valuable support.
Head of Funds and PFWG Steering Committee member, David Williams, said “Congratulations to Schroders, who continue to lead the industry in the development and launch of LTAF products. We are seeing huge interest from other major asset managers in the product and this second launch for Schroders further demonstrates that the Simmons team are the go-to law firm for those considering launching an LTAF."