HNW-focused investment manager Wealth Club has launched a private markets Self Invested Personal Pension (SIPP) to help investors cope with stock market volatility.
It claims it is the UK’s first dedicated Private Markets SIPP.
The firm said private markets “offer a much-needed mind-shift to long term investment horizons as volatility hits stock exchanges.”
The new SIPP will allow UK individuals to invest in a range of private equity funds from managers including Brookfield, CVC and EQT, in their pension from just £10,000.
Investors will be able to transfer existing pensions or make new contributions and will be offered a choice of 12 funds from 10 managers across private equity, venture, multi-asset, secondaries, infrastructure and private credit to begin with, with a pipeline of funds to come, the firm said.
Alex Davies, founder and CEO of Wealth Club, said: ''This is a great opportunity for experienced investors to add a slice of private markets to their pensions. It marks a big shift in access to this part of the market, which has until recently been largely the preserve of institutions and the ultra-wealthy.”
The business has been offering private market funds to investors outside of a tax wrapper for just over a year.
Mr Davies said: “Right now, as volatility hits public markets, investing in private markets could provide a much needed investment shift - the opportunity to turn off the noise and concentrate on long-term investment horizons.”
He said that in times of turbulence time in the market, not timing the market is important. “Private market investments by their very nature are long-term and should help investors ride out the disruption. History has shown that private markets are largely stripped of the emotions which dominate and drive public markets in times of conflict.''
Wealth Club was founded by former Hargreaves Lansdown director Alex Davies in 2016.