Carne Group is Europe’s leading third-party management company and provider of fund regulation and governance solutions for the asset management industry.

The new fund, named the CG WTW Private Equity Access LTAF (CG WTW PEAL) will offer institutional and professional investors dedicated exposure to private equity, allowing them to invest in a range of opportunities including co-investments.

CG WTW PEAL is the first private capital evergreen, semi-liquid fund launched by WTW’s Private Markets Solutions Team, which has further plans for other long-term solutions to follow for savers across Europe and Asia-Pacific.

The fund has received commitments of over £450m to-date. LifeSight, WTW’s defined contribution (DC) pensions master trust with 360,000 individual members, has agreed to allocate up to 5% of its LifeSight Equity default fund into private equity.

The launch of the new private equity LTAF supports broader industry initiatives to better align the long-term investment needs of many end investors, including DC pension savers, and invest into private equity assets that have historically been difficult for DC and private investors to access.

The Macfarlanes team was led by investment management partner Lora Froud with assistance from senior associates, Tiffany Cox, Emma Garnham and Sandeesh Shah, and associates, Angela Phelan and Harry Middleton.