Schroders backs Wayve and Elevenlabs with UK’s first venture capital fund for pensions

Schroders has invested £100m into growth companies, including Wayve and Elevenlabs, through the UK’s first venture capital fund for pensions, the UK Innovation Long-term Asset Fund (LTAF). This fund allows pension funds to access early-stage companies, marking a significant shift in the UK pensions sector towards private market investments. The initiative aims to unlock billions in savings for investment in British firms, as pension funds traditionally favor safer assets. The latest funding round is part of a broader effort to enhance investment in high-potential UK companies.