Schroders Capital Secures £2 Billion Real Estate Mandate from Wales Pension Partnership, Expands Investment in Local and UK-Wide Initiatives

Schroders Capital Secures £2 Billion Real Estate Mandate from Wales Pension Partnership, Expands Investment in Local and UK-Wide Initiatives

(IN BRIEF) Schroders Capital has secured a £2 billion real estate mandate from the Wales Pension Partnership (WPP), following a previous £500 million private equity mandate. This new mandate will see up to £400 million invested in local initiatives across Wales, including affordable housing, healthcare, and employment-generating projects. The remaining funds will target UK-wide real estate sectors such as industrial, retail, and office spaces. This partnership emphasizes Schroders Capital’s commitment to sustainability, social impact, and meeting the complex needs of its clients.

(PRESS RELEASE) LONDON, 14-Aug-2024 — /EuropaWire/ — Schroders Capital, a leading private markets division of the Schroders Group with $97.3 billion in assets under management, has secured a significant £2 billion real estate mandate from the Wales Pension Partnership (WPP). This follows a £500 million private equity mandate awarded to Schroders Capital by WPP last year. The WPP, which represents eight Local Government Pension Scheme (LGPS) funds in Wales, aims to invest in both local and broader UK real estate projects.

Under this new mandate, Schroders Capital will deploy up to £400 million specifically in Wales, focusing on initiatives that generate local employment, affordable housing, and healthcare projects. The investment strategy also includes targeting broader UK opportunities that deliver positive social impact and support decarbonization efforts, aligning with WPP’s net zero objectives. The remaining funds will be directed toward UK core real estate sectors, including industrial, retail, office, and specialized areas like hotels, self-storage, and student accommodation.

Sophie van Oosterom, Global Head of Real Estate at Schroders Capital, expressed satisfaction in expanding their partnership with WPP, emphasizing the increasing demand from clients for sustainability, positive impact, and operational excellence in real estate investments. Paul Myles, Head of LGPS Business Development at Schroders, highlighted the importance of delivering tailored investment solutions that meet the complex needs of clients while achieving financial and impact goals.

Cllr Elwyn Williams, Chair of the Joint Governance Committee for WPP, noted that Schroders Capital’s appointment marks the near-completion of WPP’s selection of private markets investment managers, reaffirming real estate as a critical asset class for the Welsh authorities.

This partnership showcases Schroders Capital’s capability to align with client objectives in sustainable and impactful real estate investments while reinforcing its strong position in the market.

Schroders Capital

Schroders Capital provides investors with access to a broad range of private market investment opportunities, portfolio building blocks and customised private market strategies. Its team focuses on delivering best-in-class, risk-adjusted returns and executing investments through a combination of direct investment capabilities and broader solutions in all private market asset classes, through comingled funds and customised private market mandates.

The team aims to achieve sustainable returns through a rigorous approach and in alignment with a culture characterised by performance, collaboration and integrity.

With $97.3 billion (£77.0 billion; €90.8 billion)* assets under management, Schroders Capital offers a diversified range of investment strategies, including real estate, private equity, secondaries, venture capital, infrastructure, securitised products and asset-based finance, private debt, insurance-linked securities and BlueOrchard (Impact Specialists).

*Assets under management as at 30 June 2024 (including non-fee earning dry powder and in-house cross holdings)

Schroders plc

Schroders is a global investment management firm with £773.7 billion (€912.6 billion; $978.1 billion) assets under management, as at 30 June 2024. Schroders continues to deliver strong financial results in ever challenging market conditions, with a market capitalisation of circa £6 billion and over 6,000 employees across 38 locations. Established in 1804, the founding family remains a core shareholder, holding approximately 44% of Schroders’ shares.

Schroders has benefited from a diverse business model by geography, asset class and client type. It offers innovative products and solutions across four core businesses; Public Markets, Solutions, Wealth Management and our private markets business Schroders Capital. Clients include insurance companies, pension schemes, sovereign wealth funds, high net worth individuals and foundations. Schroders also manages assets for end clients as part of its relationships with distributors, financial advisers and online platforms.

Schroders aims to provide excellent investment performance to clients through active management. It also channels capital into sustainable and durable businesses to accelerate positive change in the world. Schroders’ business philosophy is based on the belief that if we deliver for clients, we will deliver for our shareholders and other stakeholders.

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Media Contacts:

Andy Pearce
Head of Media Relations
+44 20 7658 2203
andy.pearce@Schroders.com

Rachael Dowers
PR Manager
+44 20 7658 2086
rachael.dowers@schroders.com

Justine Crestois
PR Executive
+44 20 7658 5186

SOURCE: Schroders plc