Transamerica Capital chief executive officer Dave Paulsen said the launch further represents its commitment to providing investors with unique retail fund offerings from top-tier managers, suitable for all markets.

"We understand the demand for solutions that provide an opportunity for growth in an environment where that is difficult to find," Paulsen said.

"Ranger’s expertise in the small-cap arena allows us to fill an important need in our overall product lineup."

The small cap retail fund will be sub-advised by Ranger Investment Management, and uses multiple proprietary tools to assist manage risk by identifying potential warning signs within the portfolio, claims Transamerica.

According to the wealth manager, the fund will be available to retail and institutional investors through class A, C and I shares.

Transamerica Asset Management (TAM), which managed over $50.6bn in assets as of 30 June 2012, comprises Transamerica Funds, Transamerica Partners Funds, Transamerica Series Trust, Transamerica Income Shares, and Transamerica Asset Management, a registered investment advisor.