Isio Fund Liquidity Options (i-FLO) welcomes Britannia Pension Scheme to their platform for selling illiquid assets
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Isio Fund Liquidity Options (i-FLO) welcomes Britannia Pension Scheme to their platform for selling illiquid assets
Isio, one of the fastest-growing pensions and investment consultancies in the UK, has today announced that Britannia Pension Scheme has formally completed the sale of a private credit fund exposure using the Isio Fund Liquidity Options (i-FLO) platform. Britannia Pension Scheme is the first client to complete their transaction on i-FLO, a unique platform that enables investors to sell illiquid assets more efficiently. Britannia Pension Scheme used the platform to sell a c.£72 million investment in a private credit fund on the secondary market.
i-FLO was launched following significant demand from pension schemes to sell illiquid assets, combined with the challenges of doing so at competitive prices and fee levels, in a timely manner. Pension schemes relying on traditional routes to sell illiquid assets may find the process to be inefficient and expensive, particularly in nascent markets such as Private Credit and Infrastructure Equity. Isio’s i-FLO platform offers an efficient solution to this problem.
Britannia Pension Scheme chose Isio following a thorough evaluation process, identifying i-FLO’s competitive pricing, efficient execution, and transparency as key factors. The platform’s significantly lower fees compared to traditional approaches of selling illiquid assets played an important role in the decision.
Ajith Nair, Head of Asset Class and Manager Research at Isio, commented: “It’s exciting to see our first deal formally complete and settled, and we thank Britannia Pension Scheme for their decision to select i-FLO. Our strategy of focussing on high-quality buyers to generate value for our clients has proven successful, with Britannia Pension Scheme achieving highly competitive pricing, along with significant fee savings versus the traditional route. The i-FLO platform pipeline remains busy, with several deals nearing completion. We look forward to welcoming other investors to the platform, enabling them to benefit from both the efficiency, attractive pricing, and reduced fees.”
John Hope, Chair of Britannia Pension Scheme’s Investment & Funding Committee, commented: “We’re pleased to have used the i-FLO platform to sell an illiquid private credit LP interest. The innovative approach and competitive pricing gave us confidence that the i-FLO platform could effectively manage the sale of our illiquid asset. The streamlined process and clear communication provided by the Isio team have been invaluable and this stands the Scheme in good stead as the Trustee continues to manage the Scheme’s assets effectively and deliver security for members’ benefits”.
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i-FLO is currently focused on private credit and infrastructure equity. For private equity and real estate, i-FLO can help you find brokers best suited to services these markets. At Isio, we focus on a culture of problem solving and innovation – we do not settle for anything less than what is best for our clients.