This is a high-risk investment, and assets may take a long time to buy and sell. Only invest if you can wait (possibly several years) to get your money back. You do not have protection against poor performance. Take 2 minutes to learn more

Long-Term Asset Funds

Reshaping private markets

  • LTAF offering tailored for retail investors

  • Diversification and growth opportunities away from public markets

  • Hold in a SIPP or Fund and Share account with a simple online process

Before you invest: Long-Term Asset Funds are considered high risk. It can be difficult to access your money in the short term and their value can go down as well as up so you could get back less than you put in. They are long-term investments that can be highly volatile and should only be a consideration for experienced investors with larger portfolios. We suggest they form a small part of a diversified portfolio. This isn’t personal advice, if you’re unsure if these are right for you, please consider taking advice.

What are Long-Term Asset Funds?

LTAFs are high-risk funds with a specialist structure designed to help investors hold often hard-to-deal private market assets while still providing regular intervals to buy and sell, often monthly or quarterly.

UK's first SIPP access to LTAFs

We are the first provider offering LTAF access to retail investors in a Self-Invested Personal Pension (SIPP).

Diversification

Access to non-listed assets with low correlation to public markets.

Exposure to alternative assets

Access alternative assets such as real estate, infrastructure and private equity.

NEW

Powered by Schroders Capital

We've partnered with Schroders Capital, one of the world's pioneers in private markets and an investment powerhouse to provide cutting-edge options. You'll pay lower fees through a dedicated share class designed to offer better value. LTAFs have the same ongoing platform charges as other traditional funds on the HL platform.

We're leveraging their rigorous research, innovative thinking and deep market perspective to help you build resilience and capture potential returns across public and private markets.

Partnership benefits for clients:

  • Pay less in ongoing fund charges thanks to a dedicated share class

  • Competitive ongoing platform fees versus typical private market access

  • A seamless digital journey and clear visibility of your investments

HL and Schroders capital logo

Are LTAFs right for me?

Long-Term Asset Funds are different to traditional funds and come with specific considerations.

LTAFs are considered high-risk investments and can be highly volatile. It’s difficult to access your money in the short term and their value can go down as well as up, so you could get back less than you put in. LTAFs are long-term investments and should only be a consideration for experienced investors with larger portfolios. We suggest they form a small part, no more than 10%, of a diversified portfolio.

Redemption limits, charges or refusals may be applied at the managers discretion if deemed in the interest of existing investors. A performance fee may also be included for managers who successfully generate positive investment returns.

Consider Long-Term Asset Funds if:

  • You've used the traditional investment options available to you and want more options to accommodate your growing wealth

  • You are an experienced investor and understand high-risk investments can be volatile and may take a long time to buy and sell

  • You're happy to invest for the long term – we suggest at least five to seven years

  • You're comfortable choosing your own investments and are happy to check in to make sure they're continuing to meet your objectives

This isn't personal advice. If you're not sure whether Long-Term Asset Funds are right for you, ask for financial advice.

Join the LTAF launch

Be part of the exciting first access opportunity week commencing 15 September 2025.

Don’t miss your chance to invest in new LTAFs. You can stay ahead of opportunities as they launch by signing up for alerts.

LTAF charges


0.45%

annual account charge to hold LTAFs

Our annual account charge for holding funds is a maximum of 0.45%.

All LTAFs have a fund management charge and may have initial, performance and redemption charges, separate to our platform fees.

There are no dealing charges to buy or sell funds.

Learn more about charges


How to deal LTAFs with HL

LTAFs are for more experienced investors with large, diversified portfolios able to take on more risk.

To buy, hold or sell LTAFs with us, you'll need to have an existing, or open a, Self Invested Personal Pension (SIPP) or Fund and Share Account.

If you choose to invest in the SIPP, money in a pension is not usually accessible until age 55 (57 from 2028).

LTAF FAQs

Here you'll find answers to the most frequently asked questions. If you have a question that's not listed, please contact support.

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