Schroder Ventures International Investment Trust unveils expansion plans

26 March 2001

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Schroder Ventures International Investment Trust (SVIIT) has announced that it is looking to acquire Schroder Ventures (London) Limited (SVLL) and Schroder Ventures North America (SVNA), two support teams responsible for the provision of a number of â€˜back officeâ€™ services to Schroder Venturesâ€™ network of independent offices. The acquisitions are part of SVIITâ€™s general strategy for growth, which has been tabled in response to a perceived increase in demand for quoted vehicles and funds-of-funds that are more suited to smaller institutional investors and high-net-worth individuals looking to invest in private equity. SVIIT was listed on the London Stock Exchange in 1996 and invests primarily in an international portfolio of buyout and development capital funds managed by Schroder Ventures.

The acquisition of SVLL and SVNA would bring a team of 10 professionals into SVIIT, enabling it to build a specialist financial advisory business. Members of the team were involved in the original structuring and listing of SVIIT and have since advised and assisted the board in its assessment of investment opportunities. Should the acquisition complete, the team will continue in its existing role, with the added responsibility of providing services such as fundraising, marketing, financial reporting and monitoring to Schroder Venturesâ€™ funds. It will also be responsible for structuring and launching a new fund-of-funds vehicle, which is due to be launched by the Schroder Group during the course of 2001. The team will also assist in the identification of investment opportunities for the vehicle.