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31 Aug 2021 09:55
Schroder BSC Social Impact Trust plc
Portfolio update
The Board of Schroder BSC Social Impact Trust plc (the "Company"), which provides a unique investment opportunity to address UK social challenges, is pleased to announce that it is in the process of completing a co-investment secured loan, which on signing means the net proceeds of the Company's initial public offering ("IPO") will be fully committed. In light of this, and with a strong pipeline of investment opportunities, the Company intends to consult with investors regarding the potential for an equity issue under the Company's placing programme. The Company will make a further announcement in due course.
Jeremy Rogers, CIO of Big Society Capital, Portfolio Manager, Schroder BSC Social Impact Trust, said:
'We are pleased that the proceeds of the IPO will be fully committed, illustrating the growing demand for social impact investment to tackle social challenges across the UK. We continue to develop an attractive pipeline of investments that can deliver significant social impact, alongside high-quality risk adjusted returns.'
For further information, please contact:
Schroders | |
John Spedding Estelle Bibby (Press) | 0207 658 3206 0207 658 3431 |
Big Society Capital | |
Georgette Harrison/Emma Hickinbotham, Senior Communications Directors (job share) James Westhead, Head of Engagement
| georgette-emma@bigsocietycapital.com jwesthead@bigsocietycapital.com |
Winterflood Securities Limited | |
Neil Langford Chris Mills | 020 3100 0000 |
About Schroder BSC Social Impact Trust plc
The Company was launched in December 2020, with the objective to enable access to high social impact investment opportunities in private markets - tackling social challenges across the UK. The Company aims to build 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 Big Society Capital
Big Society Capital exists to improve the lives of people in the UK through social impact investing. We unite ideas, expertise and capital to create investment solutions for the UK's social challenges, supporting organisations that deliver both positive social impact and sustainable financial returns. So far, we have helped channel £2.2 billion* into investments tackling a wide range of problems such as homelessness, mental ill health and childhood obesity.
To widen access to social impact investing, we have partnered with Schroders, a global asset and wealth manager, to launch the listed Schroder BSC Social Impact Trust plc. As the portfolio manager, we provide investors with high impact investments that contribute to solutions to social challenges alongside targeting long-term capital growth and income.
Further information about Big Society Capital can be found at www.bigsocietycapital.com
*As at 31 December 2020
About Schroders plc
As a global investment manager, we actively and responsibly manage investments for a wide range of institutions and individuals, to help them meet their financial goals and prepare for the future. The world is forever changing, and with our clients at the centre of everything we do, we understand the need to continue to adapt and evolve our business in line with what matters most to our clients today, and in the future.
Our ongoing success is built on a history of experience and expertise, whereby we partner with our clients to construct innovative products and solutions across our five business areas consisting of Private Assets & Alternatives, Solutions, Mutual Funds, Institutional and Wealth Management and invest in a wide range of assets and geographies. By combining our commitment to active management and focus on sustainability, our strategic capabilities are designed to deliver positive outcomes for our clients.
We are responsible for £574.4 billion (€641.7 billion/$785.1 billion)* assets of our clients, managed locally by 42 investment teams worldwide. As a global business with over 5,500 talented staff across 35 locations, we are able to stay close to our clients and understand their needs. We have over 200 years of experience in investment and innovation and remain committed to creating a better future by investing responsibly for our clients.
Further information about Schroders can be found at www.schroders.com.
*As at 31 December 2020
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