'Akin to raising the Titanic': Painful tenure for Schroder UK Public Private sparks doubts over its future

Schroders Capital Global Innovation

Schroders’ mission to resurrect the former Woodford trust as Schroder UK Public Private, now rebranded to Schroders Capital Global Innovation, has been compared to raising the Titanic, with its future placed in doubt after a tenure overseeing lacklustre performance.

Formerly Woodford Patient Capital, the trust changed its name to Schroder UK Public Private trust on 13 December 2019, following the appointment of Schroders as manager in the wake of the collapse of Woodford Investment Management. The investment trust, which, at the time, enjoyed the UK's largest trust IPO when it raised £800m in 2015, had a mandate to provide early stage capital for businesses coming out of universities, and then continual capital as they offered proof of concept and continued to grow.  Schroder UK Public Private rebrands as co-manager Roger Doig steps down In 20...