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Schroder UK Public Private Trust plc

Tim Creed and Ben Wicks
Portfolio managers, Schroder UK Public Private Trust Plc
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Latest annual report and accounts

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Latest half year report

Non-Mainstream Pooled Investments (NMPI) Status

The Company currently conducts its affairs so that its shares can be recommended by IFAs to ordinary retail investors in accordance with the FCA's rules in relation to non-mainstream investment products and intends to continue to do so for the foreseeable future. The Company's shares are excluded from the FCA's restrictions which apply to non-mainstream investment products because they are shares in an investment trust.

Quarterly factsheet

Key Investment Document (KID)

Half year report

Annual report

Sustainability Report

AGM Results

Board of Directors

All board members are members of all committees

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Susan Searle

Chair

Susan served as the Chief Executive of Touchstone Innovations plc (formerly Imperial Innovations plc) from January 2002 to July 2013, where she led funding rounds totalling circa £250m. During her tenure, Touchstone Innovations invested £121m in a portfolio of healthcare, engineering and software businesses linked to major universities.

Previously she was chair of Mercia Asset Management plc and worked at Montech in Australia (science commercialisation), Signet Group plc, Bank of Nova Scotia and Shell Chemicals in a variety of business development and commercial roles. Susan currently serves as a non-executive director of both Benchmark Holdings plc and QinetiQ Group plc and was until recently a senior independent director of Horizon Discovery Group plc, prior to its acquisition by PerkinElmer, Inc. in December 2020. Susan has an MA in Chemistry from Oxford University.

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Stephen Cohen

Chair of the Audit, Risk and Valuation Committee

Stephen has extensive asset management and fund experience. He spent the bulk of his career at Mercury Asset Management where he led both investment teams and business units. He has been actively involved with open-end and closed-end funds, in multiple jurisdictions, for over 34 years. He is currently the Chair of the Audit Committee at JPMorgan Japan Investment Trust plc, a Commissioner at the Gambling Commission and a Council Member at the Health & Care Professions Council.

 

 

 

 

 

 

 

 

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Scott Brown

Board member

Scott is Chief Executive of Nexeon Limited, an Imperial College spin-out focused on developing silicon anode technology for next generation Li-ion battery technology. During his tenure, he has led the change in the company’s strategy to successfully move from an IP licensing business model to one of material production and supply. Previously, Scott was Executive Vice President at Cambridge Display Technology (CDT), responsible for commercial and IP activities of the company. Prior to CDT, Scott was Global R&D Director for the Electronic Materials Business at Dow Corning, a US headquartered multinational corporation with over US$6bn in annual revenues. Scott holds a PhD in Chemistry and is a Fellow of the Royal Society of Chemistry.

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Jane Tufnell

Senior Independent Director

Jane has spent the majority of her career at Ruffer Investment Management, which she co-founded in 1994 and where she worked until 2014. She is currently chair of Odyssean Investment Trust PLC and ICG Enterprise Trust PLC and a senior independent director of Record PLC. Jane is a graduate of the University of Cambridge.

 

 

 

 

 

 

 

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Raymond Abbott

Board member

Raymond has strong experience in the investment trust sector and also brings expertise in early stage technology investments. Raymond is the Chairman of Foresight 4 VCT plc, Scottish Building Society and Integrated Environmental Solutions Ltd and he has recently been appointed as Chair of the advisory panel for the North East Fund.

Raymond is an accountant by background, beginning his career at KPMG before pursuing a career in venture capital and private equity, latterly as Managing Director, Alliance Trust Equity Partners. He has experience as a board director and a fund manager with an emphasis on private equity.

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Tim Edwards

Board member

Tim is a qualified chartered accountant with a widespread background in corporate finance and investment. He is currently the chairman of Storm Therapeutics Ltd, Karus Therapeutics Ltd and Modulus Oncology Ltd, a director of AstronauTx Ltd and an independent non-executive director of Record plc. Previously, Tim was a member of the governing board of InnovateUK, the UK’s innovation agency, a director of the UK Cell and Gene Therapy Catapult and chairman of the UK BioIndustry Association.

Terms of Reference

Management Engagement Committee

Audit, Risk, and Valuation Committee

Nomination Committee

Responsibilities of the Chair of the Board

Responsibilities of the Senior Independent Director

AGM Vote Now

What are the risks?

  • Long-term outcomes are more binary – extremely attractive rewards for success but some businesses will inevitably fail to fulfil their potential and this may expose investors to the risk of capital losses
  • As it can take years for young businesses to fulfil their potential, this investment requires patience
  • The price of shares in the trust is determined by market supply and demand, and this may be different to the net asset value of the trust. This means the price may be volatile in response to changes in demand
  • The trust may invest in overseas securities and be exposed to currencies other than pound sterling – as a result, exchange rate movements may cause the value of the trust, individual investments, and any income paid to decrease or increase
  • The trust may invest in unquoted securities, which may be less liquid and more difficult to value, because they are generally not publicly traded – the lack of an open market may also make it more difficult to establish fair value
  • Young businesses have a different risk profile to mature blue-chip companies – risks are much more stock-specific, which implies a lower correlation with equity markets and the wider economy
  • The Company may borrow money to invest in further investments, this is known as gearing. Gearing will increase returns if the value of the investments purchased increase in value by more than the cost of borrowing, or reduce returns if they fail to do so.

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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