Schroders raises £75m for social impact investment trust

Just reaches minimum target

Schroders has raised £75m for its social impact investment trust run by Big Society Capital (BSC), just hitting its minimum size but taking investment company primary fundraising up to £921m for 2020.

The Schroder BSC Social Impact Trust said it would use part of the £75m raised to acquire seven assets from BSC, with the rest to be invested in accordance with the company's investment policy and/or used for working capital purposes. The company said it will invest in social impact investments that seek to tackle the significant increase in homelessness, provide support for people with learning disabilities, provide housing for survivors of domestic abuse, and enable improved access to quality care services for physical and mental health conditions. Schroders scrapes £75m for British...