Schroders Capital expands private equity capabilities in Asia
Schroders Capital announces the ongoing expansion of its private equity capabilities in Asia with the broadening of resources in secondaries and India private equity. The move is part of Schroders’ ongoing commitment to deepen expertise in private assets to meet the evolving needs of its clients.
SINGAPORE – Schroders Capital announces the ongoing expansion of its private equity capabilities in Asia with the broadening of resources in secondaries and India private equity. The move is part of Schroders’ ongoing commitment to deepen expertise in private assets to meet the evolving needs of its clients.
With over two decades of experience in private equity and a strong performance track record, the Schroders Capital private equity business has gradually increased the number and volume of investments over the last decade whilst consistently delivering strong results. The private equity team currently transacts on about 100 investments globally per year, including primary funds, direct/co-investments and secondary investments, at a volume of around US$2.5 billion per annum. Of which, more than half are in direct/co-investments and secondaries.
As part of the expansion plans and to address the investment opportunities in secondaries and direct/co-investments in Asia, the business continues building out its private equity practice in Singapore with the appointment of Ankita Baheti, Investment Director, Private Equity. Based in Singapore, Ankita will focus on the secondaries market, leveraging her background in finance and an eight-year stint encompassing diverse roles across various sectors, including consumer, information technology-enabled services, and healthcare. Before joining Schroders Capital, Ankita served as Vice President at TPG NewQuest in Mumbai, India, where her role saw her evaluate and transact a number of Indian secondary investments.
Ankita will work closely with Singapore-based David Bajada, Investment Director for Private Equity, Schroders Capital, and the wider Asian private equity team based across Beijing, Shanghai, Seoul, Singapore and Zurich to further broaden the footprint and activity of Schroders Capital in Asia. The private equity practice is seeking to bolster its Singapore presence further, with plans to increase headcount in the coming months.
The private equity business maintains a favourable view on China and India as it sees attractive opportunities in the world’s leading growth markets. In China, the strategy will continue to focus on RMB investments for access to local assets by global investors through Schroders Capital qualified foreign limited partnership (QFLP) quotas with plans to expand the business setup to also raise funds from Chinese domestic investors. In India, the business will continue to build on its extensive network of local fund manager relationships and its experience with direct/co-investments and secondary transactions. Schroders Capital has private equity funds that focus on Asia as well as China only through QFLP and is also in process of establishing a dedicated India product.
Rainer Ender, Global Head of Private Equity, Schroders Capital, commented:
“Strategic agility is paramount in Asia’s vibrant investment ecosystem. Our proprietary RMB and USD approach uniquely positions us in China's evolving market, and the continued long term growth perspective in India appears obvious to us.
With Ankita’s addition to our Asia private equity team, we believe that her extensive sector expertise and secondary execution track record perfectly align with our strategy. Her appointment is a testament to our resolve, ensuring that we continue to stay ahead of the curve and further capitalise on the dynamism of these markets.”
Lily Choh, Head of South Asia and CEO, Schroders Singapore, commented:
“The South Asian markets offer interesting and differentiated opportunities as the region’s economies grow and investors are increasingly seeking out alternative sources of return. As a private asset hub, we are delighted to support the build-out of our private equity capabilities adding to the existing platform of Asian Real Estate and BlueOrchard Impact Investing from Singapore. With our deep expertise and global network, we are well-positioned to pioneer and advance solutions to unlock the potential of private assets for our clients.”
For further information, please contact:
Larissa Nair
Penta Asia
Tel: +65 8891 5872
Email: schroderssg@pentagroup.co
Clarence Chen
Schroder Investment Management (Singapore) Ltd
Tel: +65 6800 7397
Email: clarence.chen@schroders.com
Schroders Capital
Schroders Capital provides investors with access to a broad range of private asset investment opportunities, portfolio building blocks and customised private asset strategies. Its team focuses on delivering best-in-class, risk-adjusted returns and executing investments through a combination of direct investment capabilities and broader solutions in all private market asset classes, through comingled funds and customised private asset mandates.
The team aims to achieve sustainable returns through a rigorous approach and in alignment with a culture characterised by performance, collaboration and integrity.
With U$86.7 billion (£68.2 billion; €79.5 billion)* assets under management, Schroders Capital offers a diversified range of investment strategies, including real estate, private equity, secondaries, venture capital, infrastructure, securitised products and asset-based finance, private debt, insurance-linked securities and BlueOrchard (Impact Specialists).
*Assets under management as at 30 June 2023 (including non-fee earning dry powder and in-house cross holdings)
Schroders plc
Founded in 1804, Schroders is a global investment management firm with £726.1 billion (€846.1 billion; U$923.1 billion) assets under management, as at 30 June 2023. 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. 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 assets) 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.
Important information
This is prepared by Schroders for information and general circulation only, and the opinions expressed are subject to change without notice. It does not constitute an offer or solicitation to deal in units of any Schroders fund and does not have regard to the specific investment objectives, financial situation or particular needs of any specific person who may receive this. This article has not been reviewed by the Monetary Authority of Singapore.