Schroders is seeking regulatory approval for the launch of a UK venture and growth long-term asset fund, seeded with £300m in cornerstone investment from the British Business Bank and Phoenix Group.
The British Business Bank has awarded Schroders £150m to invest in UK science and tech companies, as part of the UK government's Long-term Investment for Technology and Science initiative, with this investment matched by Phoenix Group. The firm's latest LTAF, which is also open to third-party investors, aims to mobilise institutional investment, particularly from UK defined contribution pension schemes, into early-stage growth businesses in the UK technology and life sciences sectors. Schroders Capital unveils UK's first LTAF "The UK is one of the most innovative countries in the...
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