Key Takeaways
- • Schroders, which runs a roughly $30bn private equity funds platform, is expanding its continuation vehicle (CV) and co-investment allocations, according to PEI Private Equity.
- • Benjamin Alt, head of global private equity portfolios at Schroders, says the firm pushes back "very hard" on paying carried interest and fees on co-investments.
- • Schroders attributes its resistance to co-investment economics to its lower mid-market focus.
Summary
Schroders is growing the continuation vehicle (CV) and co-investment allocations within its private equity funds platform, which is described as roughly $30bn in size. The details are reported by PEI Private Equity, which interviewed Benjamin Alt, head of global PE portfolios at the firm.
According to Alt, Schroders pushes back "very hard" on paying co-investment carry and fees. He links this stance to the firm's lower mid-market focus, suggesting that the economics of co-investments on mid-market deals differ from those of larger transactions and that the firm is unwilling to accept standard terms on that basis.
The source article is partially behind a registration wall, so further detail on specific CV deals, allocation sizes, fund names, or performance figures is not available from the material reviewed. Readers seeking the full discussion of the firm's CV and co-investment strategy should refer to the original PEI Private Equity report.
According to Alt, Schroders pushes back "very hard" on paying co-investment carry and fees. He links this stance to the firm's lower mid-market focus, suggesting that the economics of co-investments on mid-market deals differ from those of larger transactions and that the firm is unwilling to accept standard terms on that basis.
The source article is partially behind a registration wall, so further detail on specific CV deals, allocation sizes, fund names, or performance figures is not available from the material reviewed. Readers seeking the full discussion of the firm's CV and co-investment strategy should refer to the original PEI Private Equity report.
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