London CIV launch LCIV MAC Fund

We are pleased to announce the launch of the LCIV MAC fund, the first in our fixed income range. The fund has been seeded by four London CIV Client Funds with an initial investment of £308 million.

The LCIV MAC fund will initially invest with the CQS Credit Multi Asset Fund.

Other new fixed income offerings in the pipeline include global bonds, private debt, liquid loans and long/short MAC.

Larissa Benbow, LCIV Head of Fixed Income, said “The LCIV MAC fund offers LLAs an excellent and cost-efficient way to access a broad range of credit strategies in a single product. This will not only allow them to diversify their portfolios in times of greater market uncertainty but also to gain exposures into investments such as loans and other credit opportunities, which not all boroughs have historically had access to.

“As we continue to deliver investment opportunities and greater cost efficiencies to LLAs, we are delighted to announce this launch and bring the first fixed income product in an expanding LCIV range to our members.”

The launch of the LCIV MAC fund brings LCIV’s total assets under management and oversight above £15 billion, more than 40 per cent of London’s total assets under management.

London CIV is continuing to work towards further strategies across equities, fixed income, infrastructure, property and private equity to augment the current suite of offerings to London CIV Client Funds.