Morley Launches Private Equity Fund Of Funds

Oct 17 2007 | 10:55am ET

U.K.-based asset manager Morley is launching a private equity fund of funds product aimed at smaller institutions seeking exposure to private equity, but lacking the assets to investing through a traditional segregated account.

The Morley Private Equity Programme will comprise a series of funds structured as limited partnerships investing in unlisted securities via primary funds and co-investments, accroding to the firm. The funds will focus on European buyouts and the first offering is dubbed the 2008 Partnership.

"Our aim is to help a wider range of institutions to access private equity investments through a flexible proposition that is priced competitively and provides the confidence that comes with a strong performance, a proven ability to select and access the best funds and an experienced team," said Philip Pearson, deputy head of alternative investments.

James Tanner, managing director, distribution and alternatives, said: "The pooled structure will open up access to our investment capability for small and medium-sized pension schemes with assets of over £150 million, and will complement Morley's existing segregated investment program.”

Morley is the UK-based asset management business of Aviva and manages both institutional and retail assets, including a range of alternative investment funds.

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