Ex-Woodford trust makes second PE investment

Schroders managers invest $13.7m

Schroder UK Public Private Trust (SUPP), formerly the Woodford Patient Capital Trust, has invested $13.7m in its second private equity investment since the appointment of Schroder Investment Management in 2019.

The investment in Revolut is a "clear demonstration of the continued progress towards rebalancing the portfolio", the stock exchange announcement said. Revolut is a financial application used by 16 million customers worldwide. The funding will be used for product innovation, expansion of its US offering, and entry into India and other markets. This follows the managers' first private equity investment in Tessian, a private cybersecurity company, which entered the portfolio in May this year. $7.4trn and rising: Asset management's rush to private markets Tim Creed and Ben Wicks, p...