Schroders Capital, the $99.3bn private markets business of Schroders, has held the final close of its Schroders Capital Private Equity Global Innovation XI Fund, raising over $600m from 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, with a key sector focus being technology innovation, particularly in developing businesses that are set to capitalise on the transformative potential and value creation of generative AI.
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 $32bn, pending regulatory approval.
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.
