Further writedown deals another blow to former Woodford shareholders

2.5% NAV hit for Schroder UK Public Private Trust

Investors in the Schroder Pubic Private Trust (SUPP) are likely to suffer a further blow as the trust’s net asset value (NAV) is expected to take a 2.5% hit after a holding was taken over.

Ombu Group, a specialist investor in early and growth stage environmental technologies, was acquired by venture capital firm Hambro Perks, SUPP told shareholders on Monday (21 December). The sale was financed by a newly established fund, HP Environmental Technologies Fund LP (HPET), which includes Hambro Perks, Ombu's existing management team and a number of other private and institutional investors as anchor investors. Schroders raises £75m for social impact investment trust SUPP said it would not take up the cash exit offered to a number of Ombu shareholders and that it had swapp...