Schroder Bsc S. Regulatory News (SBSI)

Schroder BSC Social Impact Trust plc

Portfolio Manager Name Change - 29 April 2024

The Board of Schroder BSC Social Impact Trust plc (the "Company"), which provides a unique investment opportunity to address UK social challenges, announces today that the portfolio manager changes name from Big Society Capital Ltd to Better Society Capital Ltd. The Company name remains the Schroder BSC Social Impact Trust and there is no change to the share register, portfolio or investment thesis.

Stephen Muers, CEO of Better Society Capital said:

"Since our launch in 2012 we've helped to grow the social impact investment market over 11-fold to over £9 billion. As our opportunity set and activities have developed further, we have decided to evolve our name to better articulate our ambitions, while preserving a clear connection to what we have achieved so far."

Susannah Nicklin, Chair of the Schroder BSC Social Impact Trust said:

"Better Society Capital is well established in the social investment market with a proven track record and deep networks. This new name nicely captures an evolution of the business and broader context of its increasing profile in a growing market."

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About Schroder BSC Social Impact Trust plc 

The Company was launched in December 2020, to enable access to high social impact investment opportunities in private markets - tackling social challenges across the UK. The Company manages a diversified portfolio across asset classes, targeting sustainable returns, demonstrable social impact, and low correlation to traditional public markets. 

Further information about the Company can be found on its website at www.schroders.com/SBSI  

About Better Society Capital  

Better Society Capital is the UK's leading social impact investor. Our mission is to grow the amount of money invested in tackling social issues and inequalities in the UK. We do this by investing our own capital and helping others invest for impact too.  

Since 2012, we have helped build a market that has directed more than £9 billion into social purpose organisations tackling issues from homelessness and mental health, to childhood obesity and fuel poverty, a more than ten-fold increase. 

Further information about Better Society Capital can be found at www.bettersocietycapital.com 

About Schroders plc 

Schroders plc 

Schroders is a global investment management firm with £760.4 billion assets under management, as at 31 March 2024. Schroders continues to deliver strong financial results in ever challenging market conditions, with a market capitalisation of circa £7 billion and over 6,100 employees across 38 locations. Established in 1804, the founding family remains a core shareholder, holding approximately 44% of Schroders' shares.

Schroders has benefited from a diverse business model by geography, asset class and client type. It offers innovative products and solutions across four core growing business areas: asset management, solutions, Schroders Capital (private markets) and wealth management. Clients include insurance companies, pension schemes, sovereign wealth funds, high net worth individuals and foundations. Schroders also manages assets for end clients as part of its relationships with distributors, financial advisers and online platforms. 

Schroders aims to provide excellent investment performance to clients through active management. It also channels capital into sustainable and durable businesses to accelerate positive change in the world. Schroders' business philosophy is based on the belief that if we deliver for clients, we will deliver for our shareholders and other stakeholders.