Aviva Investors has launched a venture and growth capital fund which aims to give investors better access to early-stage companies and technologies.

The Aviva Investors Venture & Growth Capital Long Term Asset Fund (LTAF) will receive an initial commitment of around £150 million from Aviva.

The fund aims to give over four million Aviva pension customers, covering around 26,000 corporate pension schemes, investment opportunities in “cutting-edge” tech sectors.

The fund will invest across multiple venture and growth stages across the UK, Europe, and North America. It will focus on certain key areas including FinTech, InsurTech HealthTech, and Climate and Sustainability.

Aviva Investors said the launch of the fund builds on the Mansion House Compact announced by the UK Government in July 2023, which outlined a series of proposals to unlock investment into emerging industries, including unlisted companies, and to support growth across the economy.

“We are incredibly pleased to expand our LTAF range further, making it easier for investors to allocate more to these asset classes and to enjoy the returns and diversification they can offer,” said Mark Versey, chief executive at Aviva Investors. “Targeting venture returns, we expect our new fund to help the companies of tomorrow get ready for the future, driving innovation and growth through investments that also have the potential to have a positive societal and environmental impact.”

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