Key Takeaways
- • Schroders' private equity funds platform, which manages roughly $30bn, is expanding its allocations to continuation vehicles (CVs) and co-investments, according to PEI Private Equity.
- • Head of global PE portfolios Benjamin Alt says Schroders pushes back "very hard" on paying carry and fees on co-investments, reflecting the platform's lower mid-market focus.
- • The approach positions the platform to negotiate fee terms directly with managers on secondary and co-invest exposure rather than accepting standard co-investment economics.
Summary
Schroders is growing the continuation vehicle (CV) and co-investment allocations within its roughly $30bn private equity funds platform, according to PEI Private Equity. The article, written by Joe Marsh, is based on an interview with Benjamin Alt, Schroders' head of global PE portfolios.
Alt said the firm pushes back "very hard" on paying carried interest and fees on co-investments. He attributed this stance largely to the platform's lower mid-market focus, which shapes the deal sizes and economics the team is able to access and negotiate.
The positioning reflects a broader investor push for more favorable terms in secondaries and direct-style exposure, where allocators increasingly seek to reduce layered fees. The article is brief and the source material available for this summary is limited to the publisher's description and the interview excerpt, so further detail on specific allocation sizes, fund names, or performance figures is not provided.
Alt said the firm pushes back "very hard" on paying carried interest and fees on co-investments. He attributed this stance largely to the platform's lower mid-market focus, which shapes the deal sizes and economics the team is able to access and negotiate.
The positioning reflects a broader investor push for more favorable terms in secondaries and direct-style exposure, where allocators increasingly seek to reduce layered fees. The article is brief and the source material available for this summary is limited to the publisher's description and the interview excerpt, so further detail on specific allocation sizes, fund names, or performance figures is not provided.
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