Our History
Schroders plc entered the Private Equity fund management business in 1983, in response to demands from its institutional investors for access to this asset class. Initially, Schroders acted as a fund sponsor, General Partner, manager and advisor; however, as the advisory teams began forming autonomous groups, the "traditional" structure emerged. Today, all of the original advisory teams own and operate separate Private Equity businesses, the highest profile of which is the European team now branded as Permira.
Schroders Private Equity Services ("SPES"), which consists of operations in Bermuda and Guernsey, is the evolution of Schroders’ Private Equity management and administration team over this period of time. Key management members continue to lead the business, making this wealth of cumulative experience available to today's clients.
Allied to this continuity of the senior management is Schroders plc's institutional ownership of the companies representing SPES. Schroders plc, as a leading independent global asset manager (with US $239.6 billion* / GBP £148.4 billion* under management), provides us with insight into the challenges faced by the fund management industry and an inside perspective over the particular needs of the Private Equity management and administration business. Its broad contact with regulators in more than 25 countries adds a helpful understanding of regulatory changes and their potential impact on the industry. Furthermore, our parent provides us with strong compliance and disaster recovery support, which ensures our ability to meet our clients' needs.
From this extensive history, our clients gain access to an experienced Private Equity team adept at managing funds invested in the Private Equity and Venture Capital industries, including Property and Fund of Funds. Changes to the industry over time have been built into our corporate culture and operating procedures. Therefore, by working with SPES, our clients can avoid expensive and potentially damaging mistakes that could have a significant impact on the success of their funds.
*as of December 31, 2009