Future Growth Capital (FGC)

Future Growth Capital (FGC), founded in 2024 and headquartered in London, UK, is a private markets investment manager created by Schroders and Phoenix Group. It designs Long-Term Asset Funds (LTAFs) focused on private credit, real estate debt, infrastructure and private equity—enabling UK pension savers to access diversified private market assets.

FGC launched the first UK‑dedicated multi‑asset LTAF aligned with the UK government’s Mansion House Compact in October 2024, alongside a complementary Global Private Assets LTAF covering North America, Europe and Asia. The firm aims to deploy £10 billion–£20 billion over the coming decade into private market assets, starting with an initial £1 billion mandate from Phoenix Group.

Operating from a single London office, FGC manages all strategy origination, investor relations, portfolio design and fund governance centrally. Its team includes experts across credit, real estate debt, infrastructure investment, and private equity—a dedicated and focused capability team advising on both UK and global private market strategies.