Hargreaves Lansdown has announced a partnership with Schroders Capital to add two of its private market long-term asset funds (LTAFs) to the platform.

The move, effective from 15 September, will offer a step change in the availability of LTAFs to the retail investment market.

Hargreaves Lansdown will become the first platform to offer LTAFs within the SIPP wrapper, providing investors with access to diversified sources of investment growth for their long-term financial future. LTAFs give long-term investors access to a range of alternative assets, including private market investments, which had until now been available only to a minority of investors.

Following the partnership, eligible investors will have access to global private equity and energy transition infrastructure capabilities managed by Schroders Capital.

Head of platform investments at Hargreaves Lansdown, Emma Wall, said: “Our business has been built upon the mission to democratise investing – and we see this as a milestone for the accessibility of private markets for individual investors in the UK.

“For retail investors with a long-term investment horizon, the appropriate knowledge and resources, and as part of a well-diversified portfolio, private markets can play an important role in delivering unique growth opportunities beyond what is typically available in public markets.”

Director, private markets at Schroders Capital, James Lowe, added: “This marks a watershed moment for the accessibility of private markets for eligible retail investors in the UK.

“Our partnership with Hargreaves Lansdown combines the best of Schroders Capital’s global private markets expertise and tailored LTAFs with Hargreaves Lansdown’s innovative, digital-led approach to offering advanced investment options.”

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