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Schroder BSC Social Impact Trust plc

A unique investment opportunity to address UK social challenges

A unique investment opportunity to address UK social challenges

The Portfolio Managers

An experienced partnership with deep impact investment expertise

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Big Society Capital

  • Responsible for day-to-day investment origination, investment selection and portfolio management
  • Dedicated social impact investor with £625m of investment from Barclays, HSBC, Lloyds, NatWest and dormant bank accounts
  • Team of 25+ with diverse experience across investment, goverment and social enterprise

 

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Schroders

  • Representation on the Company's Investment Committee and responsible for oversight of risk management
  • £536bn of asssets under administration and rated for A+ for 5 consecutive years for Strategy and Governance by the United Nations PRI
  • Team of 3 with specific experience in sustainability, impact investing, private markets and manager selection
  • Input in to investment decision and provide an initial layer of risk oversight

Schroder BSC Social Impact Trust Investment Committee

The investment committee will agree new Social Impact Investments as well as consider liquid ESG Investments. Its comprised of members of BSC's wider investment committee and Schroders' Sustainability team. Committee members include:

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Jeremy Rogers

Chief Investment Officer, Big Society Capital

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Christine Chang

Deputy Chief Investment Officer, Big Society Capital

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Stephen Muers

Interim Chief Executive Officer, Big Society Capital

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Anna Shiel

Head of Origination, Big Society Capital

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Keith Starling

Senior Portfolio Adviser, Big Society Capital

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Philipp Essl

Senior Social Impact Director, Big Society Capital

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Andrew Howard

Head of Sustainability, Schroders

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Maria Prieto

Private assets and manager selection specialist, Schroder Adveq

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Lyn Tomlinson

Head of Impact, Schroders

What are the risks?

  • There can be no guarantee that the Company will achieve its investment objective or that investors will get back the amount of their original investment.
  • The Company has no operating history and investors have a limited basis on which to evaluate the Company's ability to achieve its investment objective.
  • The Company has no employees and is reliant on the performance of third party service providers. Failure by the AIFM, the Portfolio Manager or any other third party service provider to perform in accordance with the terms of its appointment could have a material detrimental impact on the operation of the Company.
  • The financial performance of the Company will depend upon the financial performance of the underlying portfolio. The Company's portfolio will include Social Impact Investments over which the Company and Portfolio Manager have no control.  In particular, investments in Impact Funds and certain Co-Investments will be managed by third party managers.  The Company's performance and returns to Shareholders will depend on the performance of those Social Impact Investments and their managers.
  • The Company's objective is to deliver measurable positive social impact as well as long term capital growth and income and these dual aims will generally be given equal weighting. Social impact is the improvement of the life outcomes of beneficiaries in a specific target group or groups.  There is no universally accepted definition of 'impact', an assessment of which requires value judgments to be made.  The Company's impact focus may mean that the financial returns to Shareholders are lower than those which might be achieved by other investment products.
  • The Company depends on the diligence, skill, judgement and business contacts of the Portfolio Manager's investment professionals and the information and deal flow they generate, especially given the specialist nature of social impact investing.  The departure of some or all of the Portfolio Manager's investment professionals could prevent the Company from achieving its investment objective.
  • The Company will make investments where the Company's commitment is called over time.  Due to the nature of such investments, in the normal course of its activities the Company expects to have outstanding commitments in respect of Social Impact Investments that may be substantial relative to the Company's assets. The Company's ability to meet these commitments, when called, is dependent upon the Company having sufficient cash or liquid assets at the time, the receipt of cash distributions in respect of Investments (the timing and amount of which can be unpredictable) and the availability of the Company's borrowing facilities, if any. 
  • The Company's investments may be illiquid and a sale may require the consent of other interested parties. Such investments may therefore be difficult to realise and to value. Such realisations may involve significant time and cost and/or result in realisations at levels below the value of such investments estimated by the Company.
  • Any change in the Company's tax status or in taxation legislation or practice generally could adversely affect the value of the investments held by the Company, or the Company's ability to provide returns to Shareholders, or alter the post-tax returns to Shareholders.

Contact Schroders

Schroders is a world-class asset manager operating from 37 locations across Europe, the Americas, Asia, the Middle East and Africa.




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For any further questions, please contact us. 

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