Future Growth Capital

What Future Growth Capital does

Future Growth Capital is an independent private markets solutions business formed jointly by Standard Life, a retirement specialist, and Schroders, the UK's largest listed asset manager, to deliver the UK Mansion House objectives and unlock private markets for UK pension savers. Headquartered in London and authorised and regulated by the Financial Conduct Authority (Registration No. 1021597), the firm operates as an open-architecture investment solutions platform, selecting best-in-class managers across private equity, real assets, and private debt through managed asset allocation, portfolio construction, and bespoke mandate implementation. Its product platform comprises three integrated solutions: the Schroders (Future Growth Capital) UK Private Assets LTAF, the first multi-private asset Long Term Asset Fund focused exclusively on the UK; the Schroders (Future Growth Capital) Global (ex-UK) Private Assets LTAF, providing diversified global private market exposure; and Custom Solutions, which delivers bespoke multi-private asset mandates tailored to individual client objectives and constraints. Both flagship LTAFs are evergreen structures launched with foundation capital from Standard Life.

The firm serves UK pension funds seeking global private market access and international investors seeking UK private market exposure, executed through a direct institutional field sales model with no intermediary or retail distribution. Revenue is generated through recurring asset management fees on AUM across LTAFs and custom mandates, though pricing is not publicly disclosed. The investment solutions team is positioned as one of the largest in the UK dedicated to serving the UK pensions industry, with senior personnel drawn from Schroders Capital, Schroders, Phoenix Group, Goldman Sachs, JPMorgan, Neuberger Berman, Hermes, Morgan Stanley, Barings, Willis Towers Watson, Lloyds Banking Group, and other top-tier institutions. The company targets the structural pension savings gap (two-thirds of UK pension savers projected to be unable to meet retirement income needs, per DWP 2023) by channelling pension capital into private markets for higher long-term returns and into UK businesses and development projects to drive growth. As a marketing material for professional clients only, the funds are not EEA-marketed and are restricted to eligible investors under COLL 15.

Name

Future Growth Capital

Legal name

Future Growth Capital Limited

Website

https://futuregrowthcapital.com

Company type

Private

Founded year

2024

Operating status

Operating

Headcount range

11–50 employees

Short description

Future Growth Capital is an FCA-regulated private markets solutions platform formed by Schroders and Standard Life, serving UK pension funds and international investors through UK and Global ex-UK Long Term Asset Funds and bespoke mandates.

Ownership category

akta.pro rank

Product category

Institutional Asset Management

NAICS

Portfolio Management and Investment Advice (523940), Portfolio Management and Investment Advice (52394), Other Financial Vehicles (525990)

SIC

Investment Advice (6282)

akta.pro primary industry

Growth Equity Fund-of-Funds (FSANAGAE)

akta.pro secondary industries

Multi-Sector / Generalist Growth Equity (FSANACAO), Private Markets Fund of Funds (PE / VC / Private Credit FoF) (FSAHAKAF), Co-Investment / Direct Allocation Platforms (alongside FoF) (FSANAGAK)

Keywords

• Private market solutions
• Pension fund investment
• Multi-asset mandates
• Long-term asset funds
• Institutional asset management

Headquarters

HQ city

London

HQ country

United Kingdom

HQ region

Europe

Offices1 record

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Operations, Technology or R&D, Marketing or Sales, Infrastructure

Revenue model

1. Asset Management Fees: Future Growth Capital generates revenue through management fees on the private market investment solutions it designs and manages for institutional clients. As an asset manager, the company earns fees based on assets under management across its UK and Global ex-UK LTAF strategies and custom mandates.

Go-to-market motion1 record

Distribution channels2 records

Marketing channels4 records

Core offering

Future Growth Capital designs and manages private market investment solutions for institutional clients, primarily UK pension funds and international investors. The company operates an open-architecture platform offering the Schroders (Future Growth Capital) UK Private Assets LTAF, the Global (ex-UK) Private Assets LTAF, and Custom Solutions — bespoke multi-private asset mandates spanning private equity, real assets, and private debt.

Product overview

Future Growth Capital offers a platform of three integrated private markets investment solutions: the Schroders (Future Growth Capital) UK Private Assets LTAF (providing exclusive UK market exposure), the Schroders (Future Growth Capital) Global (ex-UK) Private Assets LTAF (providing global private market access), and Custom Solutions (bespoke multi-private asset mandates). The platform uses an open-architecture approach to select managers across private equity, venture capital, real assets, and private debt, supported by specialist asset allocation, portfolio construction, and manager research expertise.

Differentiator

Problem solved

Functional benefit

Products and services

• Schroders (Future Growth Capital) UK Private Assets LTAF The first multi-private asset Long Term Asset Fund (LTAF) focused exclusively on the UK, designed to support the Mansion House objectives. Provides efficient access to UK private market opportunities across private equity, real assets, and private debt. Targeted at UK pension funds and international investors seeking UK market exposure.
• Schroders (Future Growth Capital) Global (ex-UK) Private Assets LTAF An evergreen Long Term Asset Fund providing diversified exposure to global private market opportunities across private equity, real assets, and private debt. Managed by the same team and process as the UK LTAF, enabling clients to combine both strategies in any proportion.
• Custom Solutions Bespoke multi-private asset solutions tailored to meet individual client objectives and constraints, designed for UK pension funds and international investors with specific risk and return requirements. Implemented through customised mandates ensuring accurate expression of market views.

Quantifiable outcome

• Two-thirds of UK pension savers projected to be unable to meet their retirement income needs (DWP 2023)
• +1 more outcomes

Segments2 records

Ideal customer profiles2 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature3 records

Scale indicators1 record

Recent moves10 records

Expansion highlights5 records

Direct peers

• StepStone Group: Private markets investment firm providing customised portfolio construction, fund-of-funds, co-investments and advisory solutions to institutional investors worldwide. Directly comparable on multi-manager private markets solutions and bespoke mandates for pension clients.
• Hamilton Lane: Global private markets investment manager offering fund-of-funds, separate accounts, co-investments and direct investing solutions to institutional clients, including pension funds. Highly comparable as a multi-manager private markets solutions platform with bespoke mandate capability and UK pension client focus.
• LGT Capital Partners: Global multi-manager private markets and hedge fund solutions provider designing and managing customised multi-asset, multi-manager portfolios for institutional investors. Comparable because of FoF/multi-manager model and bespoke mandate capability for large pensions and endowments.
• Pantheon Ventures: Private markets investment platform offering primary fund investments, co-investments and secondary solutions to institutional investors, with strong UK and European pension fund relationships. Directly comparable as a multi-strategy private markets solutions provider for institutional capital.
• Mercer Investments: Investment consulting and solutions arm of Mercer, providing manager research, portfolio construction and delegated private market solutions to UK and global pension schemes. Comparable as a private markets solutions provider targeting the same UK DB/DC pension buyer cohort.
• WTW (Willis Towers Watson) — Investment Solutions: Global investment consulting and OCIO/private markets solutions business advising pension funds on manager selection, portfolio construction and implementation across private markets. Comparable as a pension-focused private markets solutions competitor with multi-manager architecture.

Broad incumbents

• Partners Group: Large global private markets investment manager offering customised private markets programmes, mandates and flagship funds across PE, private credit, infrastructure and real estate. Comparable as an institutional private markets solutions provider serving pension clients globally, with bespoke mandate capability.
• Schroders Capital: Schroders' private markets arm and a co-founder of FGC. Operates a much broader private markets platform across PE, real estate, infrastructure, and private credit globally. Comparable because it sources, structures and manages private asset solutions for institutional clients including pension funds, and shares team, process and capital with FGC.
• Aon — Investment Solutions: Investment consulting and delegated solutions arm of Aon, providing private market manager research, portfolio solutions and fiduciary management to pension schemes. Comparable as a competing private markets solutions provider targeting UK and European pension clients.
• BlackRock Private Markets: Global asset manager's private markets platform offering primaries, secondaries, co-investments and customised solutions to institutional investors including UK pensions. Comparable because of scale, multi-strategy private markets capability and growing focus on UK pension LTAF-style wrappers.

Market position

Weaknesses5 records

Competitive moat5 records

Key risks5 records

Key highlights7 records

Customer concentration

• LinkedInlinkedin.com/company/future-growth-cap

Revenue estimate

Valuation estimate

Number of profiles

Profiles14 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Future Growth Capital