News & Analysis

Schroders closes fourth secondaries fund above target

The firm has closed on more than 50 GP-led transactions since 2021 including GP-leds with Emeram and Volpi Capital.

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Schroders Capital has amassed almost 52 percent more capital with its latest private equity secondaries fund than with its predecessor.

The London-headquartered firm held the final close on $410 million for Schroders Capital Private Equity Secondaries IV, according to a statement. The fund beat its $400 million target, according to Secondaries Investor data.

The vehicle closed in October, according to a spokesperson for the firm.

Fund IV mainly focuses on GP-led and select LP fund stake opportunities in the lower mid-market for buyout and growth equity.

Schroders acquired Swiss investment firm Adveq in 2017. The predecessor to Fund IV, Adveq Secondaries III, raised $270.91 million in 2018, Secondaries Investor data shows.

Schroders has closed on more than 50 GP-led transactions since 2021, according to the statement. These include acting as lead investor in the single-asset continuation fund for digital transformation service provider Init managed by Emeram and the multi-asset process on Volpi Capital’s first fund, as Secondaries Investor has reported.

In September, Schroders said it had hired a professional from TPG NewQuest to expand its Asia-Pacific operations. Ankita Baheti joined as an investment director, private equity, based in Singapore.