Langham Hall, a leading global provider of fund administration and AIFMD services, has supported Future Planet Capital on the successful first close of its latest venture capital fund, the British Co-Investment Fund (“BCF”).

BCF has been established to provide defined contribution (DC) pension investors with access to high growth British companies, broadening access to the asset class for pension schemes and aligning with the Mansion House Accord. The fund has been added to Mobius Life’s platform, supporting wider accessibility over time, and aims to direct up to £1bn of pension investment to the sector over the coming years.

Langham Hall is delivering fund accounting and administration services from its London office, providing operational support throughout the fund’s launch and first close.

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Tom Pinnell, Head of Commercial, Europe at Langham Hall, commented: “Congratulations to the Future Planet Capital team on reaching the first close of this fund. This is an important milestone both for FPC, but also for the DC pension market which has faced numerous challenges to investing in private markets in recent years.”

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Ed Phillips, Managing Director at Future Planet Capital, added: “Langham Hall has been a trusted partner from launch through to first close, delivering high-quality support with efficiency, expertise and clarity. Their seamless operations have allowed us to remain focused on launching this important product.”

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Future Planet Capital was advised by Eversheds Sutherland.