Phoenix Group and Schroders to launch new private markets investment manager

Written by Adam Cadle

31/07/2024

Phoenix Group and Schroders are to launch a new private markets investment manager with a £1bn initial commitment, increasing to £2.5bn over three years.

The investment manager, Future Growth Capital (FGC), will design and manage UK and global multi-private asset solutions for UK insurance and pension clients to open access to a broader range of innovative companies and investment opportunities for millions of UK pension clients. Initially it will leverage Schroders’ pioneering Long-Term Asset Fund (LTAF) investment platform, providing investment advice to the fourth and fifth LTAFs planned for launch by Schroders’ dedicated private markets business, Schroders Capital, in the UK.

Peter Harrison, group CEO at Schroders, said: “The UK’s private companies are an untapped universe of investment opportunity. By stimulating investment into our private markets, our partnership will address the multiple challenges of the looming retirement crisis and boosting UK growth.

“By connecting long-term savers with our country’s most inventive companies, Future Growth Capital will help more people to fund a secure and comfortable retirement, whilst supporting businesses to grow and thrive right here in the UK. In doing so, we’ll be making the UK an even more attractive place to live, work, retire and invest.”

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