10.24.2019

Schroders To Manage Woodford Patient Capital Trust

Schroders is pleased to confirm we have agreed heads of terms with the Board of Woodford Patient Capital Trust plc to become the Portfolio Manager. Shortly following the appointment, which is expected by the end of 2019, the Trust will be renamed Schroder UK Public Private Trust plc.

Schroders intends to manage the portfolio in line with the Trust’s existing investment objective and policy. We will bring together our successful and established investment approach across both quoted and unquoted companies to manage the Company for the long-term, in support of positive outcomes for shareholders and British enterprise.

Schroders has extensive experience across both public and private markets and has the relevant sector expertise, including across healthcare and technology and will operate a team-based approach to manage the Company’s portfolio. Our beliefs are aligned with the Trust’s philosophy of identifying and providing access to investment opportunities irrespective of ownership structure.

Schroders has been managing investment trusts since 1924. Schroders has a highly specialised global Private Equity capability with 20 years’ experience managing USD $9.8 billion[1] globally, focused on direct investments, co-investments, secondaries, and fund investments. Schroders’ private equity team employs over 100 people globally and manages capital for some of the largest and most highly regarded institutional investors and pension funds.

In the public market Schroders manages £160 billion[2] in equities and employs over 150 investment professionals. It has a fundamental approach to analysing listed companies making it highly suited to identifying the best of British companies.

Schroders has an institutional risk framework, with strong governance and risk controls hard-wired into its investment processes.

Source: Schroders

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