Schroders rebrands private assets under Schroders Capital

The private assets platform also comprises real estate debt and insurance-linked securities.

The GP's impact-investing brand, BlueOrchard, will retain its brand identity, but will also be part of Schroders Capital, the GP said in a statement.

The launch of Schroders Capital is intended to strengthen the visibility and the market position of Schroders' private asset offering.

Georg Wunderlin, who has been global head of private assets at Schroders since 2019, will become the global head of Schroders Capital.

The private markets strategies have £46.1bn in assets under management, the GP said in the same statement. The firm has 19 offices and employs 257 investment professionals.

Schroders Capital's global private equity offering covers direct and co-investments, as well as primaries and secondaries covering venture, growth, buyouts and turnarounds. The firm focuses on the technology, healthcare, consumer, business services and industrial sectors.

The GP registered its latest European buyout-focused vehicle, Schroder Adveq Europe VIII, in January 2020. The fund has a €1bn target.

Head of private equity Rainer Ender said in a media summit on 7 June 2021 that the firm intends to offer more products that allow private and retail investors to participate in the opportunities presented by private equity, taking advantage of the democratisation of the asset class.

Ender highlighted the need for more liquid products, including single-fund feeder structures or closed-ended listed structures that take the form of trusts. He said that the firm has four products for private investors with a net asset value of £700m to date.

The firm also highlighted the importance of the "complexity premium" in its strategies.

Nils Rode, chief investment officer for private assets, said the outperformance of private assets was previously rooted in an "illiquidity premium", in which investors would accept the risk of illiquidity for several years for returns that can be brought about in this time. However, Rode noted the importance of providing access to complex opportunities with a skilled team is now what provides a premium to investors, emphasising the importance of this process in the firm's private markets strategies.

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• Topics
• GPs
• LPs
• Schroder Adveq
• United Kingdom