Schroders raises another £75m from second trust IPO in a month
Schroder BSC Social Impact is the third investment trust from the funds giant tapping into UK private markets
The Schroder BSC Social Impact Trust has matched the amount raised for the British Opportunities Trust at IPO, bringing in £75m.
Schroders is the AIFM of the investment trust while Big Society Capital will be the investment manager targeting social impact investments that address issues such as homelessness, supporting people with learning disabilities and domestic abuse survivors, and improving access to services for physical and mental health.
Part of the net proceeds of the IPO, which was first announced in November, will be used to acquire seven assets from Big Society Capital.