Schroders is attempting to raise £100m for a social impact investment trust managed by Big Society Capital (BSC) that it is hoped will grow to between £300m and £500m within five years.
The Schroders BSC Social Impact trust will look to deliver measureable positive social impact by investing in a diversified portfolio of private market impact funds, co-investments alongside impact investors and direct investments into private market social impact funds. It will aim to provide a net asset value (NAV) return of CIP plus 2% per annum, averaged over a rolling three- to five-year period, once the portfolio is fully invested. The mandate will have no distribution target, but will aim to pay out its income generated as required, which is expected to vary over time and the y...
To continue reading this article...
Join Investment Week for free
Signup and gain exclusive members-only insights - all free of charge!
- Unlimited access to real-time news, analysis and opinion from the investment industry, including the Sustainable Hub covering fund news from the ESG space
- Get ahead of regulatory and technological changes affecting fund management
- Important and breaking news stories selected by the editors delivered straight to your inbox each day
- Weekly members-only newsletter with exclusive opinion pieces from leading industry experts
- Be the first to hear about our extensive events schedule and awards programmes
