Schroder BSC Social Impact Trust
plc
Portfolio Manager Name Change - 29 April
2024
The Board of
Schroder BSC Social Impact Trust plc (the "Company"), which provides a unique
investment opportunity to address UK social challenges, announces
today that the portfolio manager changes name from Big Society
Capital Ltd to Better Society Capital Ltd. The Company name remains
the Schroder BSC Social Impact Trust and there is no change to the
share register, portfolio or investment thesis.
Stephen Muers, CEO of Better Society
Capital said:
"Since our launch in 2012 we've helped to grow the social
impact investment market over 11-fold to over £9 billion. As our
opportunity set and activities have developed further, we
have decided to evolve our name to better articulate our ambitions,
while preserving a clear connection to what we have achieved so
far."
Susannah Nicklin, Chair of the Schroder
BSC Social Impact Trust said:
"Better Society
Capital is well established in the social investment market with a
proven track record and deep networks. This new name nicely
captures an evolution of the business and broader context of its
increasing profile in a growing market."
For further
information, please contact:
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Schroders
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Schroder
Investment Management Limited (Company Secretary)
Augustine Chipungu
(Press)
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0207 658
6000
0207 658
2106
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Better Society Capital
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Emma
Hickinbotham
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ehickinbotham@bettersocietycapital.com
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Winterflood Securities
Limited
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020 3100
0000
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Neil
Langford
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About
Schroder BSC Social Impact Trust plc
The
Company was launched in December 2020, to enable access to high
social impact investment opportunities in private markets -
tackling social challenges across the UK. The Company manages a
diversified portfolio across asset classes, targeting sustainable
returns, demonstrable social impact, and low correlation to
traditional public markets.
Further
information about the Company can be found on its website
at www.schroders.com/SBSI
About
Better Society Capital
Better
Society Capital is the UK's leading social impact investor. Our
mission is to grow the amount of money invested in tackling social
issues and inequalities in the UK. We do this by investing our own
capital and helping others invest for impact
too.
Since
2012, we have helped build a market that has directed more than £9
billion into social purpose organisations tackling issues from
homelessness and mental health, to childhood obesity and fuel
poverty, a more than ten-fold increase.
Further
information about Better Society Capital can be found
at www.bettersocietycapital.com
About
Schroders plc
Schroders plc
Schroders is a global investment management firm with £760.4
billion assets under management, as at 31 March 2024. Schroders
continues to deliver strong financial results in ever challenging
market conditions, with a market capitalisation of circa £7 billion
and over 6,100 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 growing business areas:
asset management, solutions, Schroders Capital (private markets)
and wealth management. 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.