Schroders launches private equity fund

Focus on non-publicly listed companies

Schroders has launched a private equity fund focusing on small and medium-sized companies in Europe and the US with an enterprise value of less than $250m.

The Schroder GAIA II Specialist Private Equity fund will look at companies that are not publicly listed and are therefore not in the majority of investors' portfolios, and will also have some exposure to companies in Asia, China and India. Schroders said the fund will provide "greater investment flexibility for a potentially larger pool of prospective clients" by addressing the issues that have traditionally made accessing the asset class challenging. The fund offers monthly subscriptions and quarterly redemptions with a minimum investment of $50,000. Schroders appoints head of pri...