Schroders Capital, the $99.3 billion[1] private markets business of Schroders, has successfully raised over $600 million at the final close of its Schroders Capital Private Equity Global Innovation XI Fund. The latest fundraise has attracted global investors including pension funds, insurance companies, foundations and family offices.
Spanning the full investment lifecycle from primary commitments into new venture funds, to direct investments, co-investments and secondary purchases, the strategy provides exposure to portfolio companies diversified across stages, sectors and regions.
The portfolio allocates predominantly to established and access restricted investments. A key sector focus is technology innovation, particularly in developing businesses that are set to capitalise on the transformative potential and value creation of generative AI. An example of this includes Scale AI[2], a market leader in AI data labelling and model evaluation services, helping to accelerate the development of AI applications[3].
Security has also been an area of focus for the strategy; an upcoming exit includes Wiz, a market leader in cloud security, which is set to be acquired by Google for $32 billion, pending regulatory approval[4].
Steven Yang, Head of Global Innovation at Schroders Capital, said:
“The strong fundraising momentum and successful closing of Global Innovation XI underscores our commitment to delivering exceptional value and innovative solutions for our investors.
“Disruptive innovation is occurring at pace and on a global scale, bringing compelling opportunities for investors. Against this backdrop, we have seen increasing interest in venture exposure within sectors exhibiting strong innovation potential, with technology, artificial intelligence and biopharma at the forefront.
“Our strong relationships and diversified portfolio make us well-positioned to further capture the emerging growth and value creation opportunities from these global innovation shifts – providing our investors access to leading investments across the world’s innovation hubs.”
Since 1997, the Global Innovation team has been a pioneer in venture investing. Over the years, the team has evolved into a global investment platform that covers all key regions of venture activity and has deployed over $6.5bn into venture and growth.
Schroders Capital launched the UK's first venture and growth LTAF last year in response to increasing demand from defined contribution clients, reflecting the team’s market-leading position in launching innovative structures to open-up access for a broader set of clients.
The Schroders Capital UK Innovation LTAF recently held its first close of £500m, including commitments from the British Business Bank and Phoenix, via its private markets venture with Schroders - Future Growth Capital. The first of its kind LTAF also completed two investments into UK AI companies Synthesia and Luminance.
[1] Assets under management as at 31 December 2024 (including non-fee earning dry powder and in-house cross holdings)
[2] Accelerate the Development of AI Applications | Scale AI
[3] Data labelling is the activity of assigning context or meaning to data so that machine learning algorithms can learn from the labels to achieve the desired result
[4] Google announces agreement to acquire Wiz
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Rachael Dowers, Media Relations Lead, Private Markets | +44 207 658 2086 | |
Jessye Brandon, PR Manager | +44 207 658 3789 |
Note to Editors
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Schroders Capital
Schroders Capital provides investors with access to a broad range of private market investment opportunities, portfolio building blocks and customised private market strategies. Its team focuses on delivering best-in-class, risk-adjusted returns and executing investments through a combination of direct investment capabilities and broader solutions in all private market asset classes, through comingled funds and customised private market mandates.
The team aims to achieve sustainable returns through a rigorous approach and in alignment with a culture characterised by performance, collaboration and integrity.
With $99.3 billion (£79.3 billion; €95.9 billion)* assets under management, Schroders Capital offers a diversified range of investment strategies, including real estate, private equity, secondaries, venture capital, infrastructure, securitised products and asset-based finance, private debt, insurance-linked securities and BlueOrchard (Impact Specialists).
*Assets under management as at 31 December 2024 (including non-fee earning dry powder and in-house cross holdings)Issued by Schroder Investment Management Limited. Registration No 1893220 England. Authorised and regulated by the Financial Conduct Authority. For regular updates by e-mail please register online at www.schroders.com for our alerting service
Schroders plc
Schroders is a global investment manager which provides active asset management, wealth management and investment solutions, with £778.7 billion (€941.8 billion; $975.3 billion) of assets under management at 31 December 2024. As a UK listed FTSE100 company, Schroders has a market capitalisation of circa £6 billion and over 6,000 employees across 38 locations. Established in 1804, Schroders remains true to its roots as a family-founded business. The Schroder family continues to be a significant shareholder, holding approximately 44% of the issued share capital.
Schroders' success can be attributed to its diversified business model, spanning different asset classes, client types and geographies. The company offers innovative products and solutions through four core business divisions: Public Markets, Solutions, Wealth Management, and Schroders Capital, which focuses on private markets, including private equity, renewable infrastructure investing, private debt & credit alternatives, and real estate.
Schroders aims to provide excellent investment performance to clients through active management. This means directing capital towards resilient businesses with sustainable business models, consistently with the investment goals of its clients. Schroders serves a diverse client base that includes pension schemes, insurance companies, sovereign wealth funds, endowments, foundations, high net worth individuals, family offices, as well as end clients through partnerships with distributors, financial advisers, and online platforms.