Overview
Schroder British Opportunities Trust aims to deliver long-term total returns throughout the life of the company by investing in a diversified public equity and private equity portfolio of predominantly UK
companies. The company aims to provide a NAV total return of 10 per cent. per annum (once the company is fully deployed across the target allocation between public and private equity investments) over the life of the company. The company will pay out its income as required by applicable law but does not have any distribution targets. The company intends to pay distributions on an annual basis.
The idea is that there is a once in a generation opportunity to invest equity capital into high quality, high growth UK companies with sustainable business models at attractive valuations.
The company anticipates an increased need by UK companies for fresh equity and believes that a proactive public and private equity investment strategy can provide access to positive returns through participation in capital raising opportunities.
The company will focus on investing in (i) high growth UK companies looking to maximise their potential as well as in (ii) mispriced growth opportunities where equity is required to return businesses to their previous growth trajectory.
You can access the company’s website here
You can view our interviews with the company’s Fund Managers below:
5th November 2021: Rory Bateman – Weekly Show
Fundamentals
Price
Research History
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28 Jul 2023 1 min read
Interview with Uzo Ekwue & Pav Sriharan from Schroders British Opportunities Trust
In this week’s show, James Carthew spoke to Uzo Ekwue & Pav Sriharan from Schroders British Opportunities Trust. If you were looking for the first part of QuotedData’s show, focused on the roundup of the week’s news, click here. If there is a guest speaker you’d particularly like to hear from, please email us on [email protected]. Additionally, […]
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05 Jan 2023 90 min read
QuotedData’s Economic and Political Monthly Roundup January 2023
Economic and Political Monthly Roundup Investment companies | Monthly | January 2023 A collation of recent insights on markets and economies taken from the comments made by chairs and investment managers of investment companies – have a read and make your own minds up. Please remember that nothing in this note is designed to encourage […]
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05 Nov 2021 1 min read
Interview with Rory Bateman of Schroder British Opportunities
In this week’s show, James Carthew talked to Rory Bateman of Schroder British Opportunities If you were looking for the first part of QuotedData’s show, focused on the roundup of the week’s news, click here. If there is a guest speaker you’d particularly like to hear from, please email us. Additionally, if you would prefer […]
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19 May 2021 1 min read
QuotedData’s Spring Webinar Series – Private Equity playback
On 19th May 2021, QuotedData hosted the second of three Spring webinars. This webinar was focused on Private Equity and included presentations and Q&As from 4 investment companies’ managers, covering different aspects of this area. We would like to thank all of our speakers and attendees for joining us. Click on the links below to watch […]
News
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17 Mar 2025 2 min read
Schroder British Opportunities proposes to switch focus to private investments
Schroder British Opportunities (SBO) is proposing a material change to its investment policy so that its portfolio is focused entirely on private investments. SBO says that, since its IPO, it has provided a net asset value (NAV) total return of 13.44% and that much of the positive performance of its portfolio has come from the […]
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02 Dec 2024 4 min read
QuotedData’s morning briefing 2 December 2024 – SBSI, GSEO/ENRG, TRY, SBO, FP., BERI, DNE, IGET, ARR/ATS, INPP
Schroder BSC Social Impact (SBSI) has adopted the “Sustainability Impact” label and will continue to be considered an “impact fund” under the FCA’s Sustainability Disclosure Requirements and investment labelling regime. VH Global Sustainable Energy Opportunities has changed its name to VH Global Energy Infrastructure with effect from today, and its ticker will be changed to […]
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22 Nov 2024 1 min read
QuotedData’s morning briefing 22 November 2024 – SBO
In QuotedData’s morning briefing 22 November 2024: Schroder British Opportunities (SBO) has announced a non-material change to its investment policy, whereby it will remove the following paragraph that makes reference to the United Nations’ Sustainable Development Goals: “The Company will focus on companies which the Portfolio Managers consider to be sustainable from an environmental, social […]
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27 Sep 2024 1 min read
Schroder British Opportunities’ Rory Bateman to retire in 2025
Schroder British Opportunities (SBO)says that it has been informed by Rory Bateman, co-portfolio manager of its portfolio and co-head of investment at Schroders, that he intends to retire from Schroders in February 2025. Rory has managed the company’s public equity portfolio alongside Tim Creed, Schroders Capital’s head of private equity investments and manager of SBO’s […]
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12 Jul 2024 1 min read
QuotedData’s weekly news show 12th July 2024
Thank you to everyone that listened in today on our YouTube channel. In this week’s show, James Carthew covered the week’s top stories: Chrysalis (0:22) Schroder British Opportunities (0:39) Molten Ventures (0:51) Edinburgh Worldwide (1:05) Odyssean (6:08) Sirius Real Estate (9:25) This week’s interview was with Kenneth MacKenzie from Target Fund Managers – watch it again here.
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1 min read
QuotedData’s morning briefing 12 July 2024 – OIT, SBO, SRE
In QuotedData’s morning briefing 12 July 2024: Odyssean Investment Trust (OIT) has announced a placing and retail offer of shares. The company has received interest from an investor wishing to acquire OIT shares and in light of this and the ongoing demand in the market, the board has decided to undertake a placing. Any shares […]
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11 Jul 2024 2 min read
Schroder British Opportunities continues to edge forward
Schroder British opportunities (SBO) has announced its annual results for the year ended 31 March 2024, during which its NAV per share increased by 2.5% from 107.32p to 110.05p, which follows an increase in the previous year of 3.1% and 12.3% since inception. Its chairman, Neil England, comments that this steady growth is despite portfolio […]
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03 Jun 2024 1 min read
QuotedData’s morning briefing 3 June 2023 – SBO, IIP
In QuotedData’s morning briefing 3 June 2023: Schroder British Opportunities (SBO) has made a new private equity investment in HeadFirst, an international HR tech service provider operating in fifteen European countries. SBO says that the capital invested will be used to finance HeadFirst’s acquisition of managed services and specialist staffing provider, Impellam Group, to create […]
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25 Mar 2024 2 min read
QuotedData’s morning briefing 25 March 2024 – BOOK, SBO, HLCL, GSF, AERI
In QuotedData’s morning briefing 25 March 2024: Literacy Capital (BOOK) has announced a new investment in the Live Business Group, a leading international entertainment supplier to the travel, tourism and leisure industry. BOOK has taken what it describes as a significant minority stake in the London-based firm, with the actual terms being undisclosed. BOOK’s investment […]
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04 Dec 2023 3 min read
QuotedData’s morning briefing 4 December 2023 – GSF, SEQI, SYNC, SBO, INOV, IGC, JLEN, SEIT
In QuotedData’s morning briefing 4 December 2023: Gore Street Energy Storage Fund (GSF) has announced that its investment manager, Gore Street Capital, has been selected as the co-manager of Japan’s first dedicated fund for grid storage batteries, with the Tokyo Metropolitan Government as the cornerstone investor, contributing £10.6m to the fund. Sequoia Economic Infrastructure Income Fund […]
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17 Nov 2023 1 min read
QuotedData’s morning briefing 17 November 2023 – SBO, OIG
In QuotedData’s morning briefing 17 November 2023: Schroder British Opportunities (SBO) has announced that EasyPark Group, one of its private investments, intends to acquire Flowbird Group, which it describes as “a global mobility player providing integrated parking and transportation solutions”. Flowbird Group operates under the brands Flowbird, YourParkingSpace, TPARK, Extenso Cloud, and Yellowbrick. It provides equipment […]
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04 Aug 2023 1 min read
QuotedData’s morning briefing 4 August 2023 – SBO, HOME, MNTN
In QuotedData’s morning briefing for 04 August 2023: Schroder British Opportunities (SBO) has announced that one of its private equity investments, Rapyd, has acquired PayU Global Payment Organisation from Prosus, for $610m, subject to regulatory approval. Rapyd is a leading global Fintech-as-a-Service provider, while PayU is a payment solutions provider to both enterprise and SMB […]
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06 Jul 2023 4 min read
Schroder British Opportunities ekes out NAV gains
Schroder British Opportunities says that over the year ended 31 March 2023 its NAV increased by 3.1% to 107.32p. There is no dividend. However, the share price suffered a decline of -18.5% as the discount widened from ‑19.3% to -36.2%, which the chairman describes as frustrating. 1.1m shares were repurchased and are being held in […]
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24 Feb 2023 1 min read
Schroder British Opportunities holding, Mintech, announces acquisition
Mintech, a private equity investment of Schroder British Opportunities Trust (SBO) and the leading global provider of price data, analytics, and forecasts for agri-food, announced the acquisition of AgriBreifing. The company specialises in agri-food supply chains and the combined group will have a strengthened financial profile, product offering and customer base, providing: The largest portfolio […]
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03 Nov 2022 1 min read
Schroder British Opportunities generates first cash from its private equity portfolio
Schroder British Opportunities Trust (SBO) has announced that the merger between Culligan International and Waterlogic Group Holdings (an SBO holding) has completed. As result of the merger agreement, SBO will receive £2.38m in cash, which represents 3.2% of its NAV as at the 30 June 2022. The NAV of the Waterlogic investment in SBO already […]
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1 min read
QuotedData’s morning briefing 3 November 2022
In QuotedData’s morning briefing 3 November 2022: Gresham House Energy Storage (GRID) has announced that it has agreed £155m of additional debt through an accordion facility on its existing senior debt facilities that were secured in September 2021. The interest rate remains unchanged at SONIA + 3%, while the term of the debt facility has […]
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04 Aug 2022 1 min read
Schroder British Opportunities tops up Cera investment
Schroder British Opportunities Trust has made an additional investment into Cera Care, Europe’s largest provider of digital-first home healthcare. Cera has raised $320m (~£260m) in equity and debt to expand from servicing 15,000 to 100,000 at-home patients each day. One very welcome effect of this should be to free up NHS beds and boost the […]
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14 Jul 2022 2 min read
Schroder British Opportunities held back by listed holdings
Schroder British Opportunities (SBO) has published its report and accounts for the nine-months ended 31 March 2022 (SBO has shortened this accounting period to nine months to better align its reporting with periodic valuations of underlying private equity investments going forward) and, during the period, SBO’s NAV produced a return of -4.0%. SBO’s chairman, Neil […]
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1 min read
QuotedData’s morning briefing 14 July 2022
In QuotedData’s morning briefing 14 July 2022: Alpha Real Trust (ARTL) purchased just over 5.4m shares in the company through a tender offer, representing 8.7% of the share capital, for a total of £9.5m. We have news items on Hipgnosis Songs Fund’s new global administration agreements with Sacem and peermusic as well as its annual […]
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21 Jun 2022 1 min read
Schroder British Opportunities takes stake in Pirum
Schroder British Opportunities Trust has made an investment into Pirum Systems Limited, which it describes as a leading provider of post-trade automation and collateral management technology for the global securities industry. The investment was made in conjunction with Schroders’ long-standing investment partner Bowmark Capital, a UK based technology and services investor. Bowmark Capital first invested […]
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18 May 2022 1 min read
Schroder British Opportunities buys global insurance business as it boosts private equity exposure
Schroder British Opportunities buys global insurance business as it boosts private equity exposure – Schroder British Opportunities (SBO) has bought CFC, a leading technology-driven global insurance business. The investment has been made via VIP SIV I LP, a fund managed by Vitruvian Partners. Founded in 1999, CFC was one of the pioneers in the cyber […]
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17 May 2022 1 min read
Schroder British Opportunities backs Mintec
Schroder British Opportunities Trust has made an investment into Mintec, the leading provider of food-related commodity pricing, via Schroders’ long standing investment partner Synova. Synova first invested in Mintec in December 2017 and has supported the company through a period of rapid growth, technological development, and international expansion. Synova’s investment helped Mintec launch their proprietary […]
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22 Mar 2022 2 min read
QuotedData’s morning briefing 22 March 2022
In QuotedData’s morning briefing 22 March 2022: Schroder British Opportunities (SBO) – managed by Tim Creed and Rory Bateman (pictured) – says that it thinks its portfolio of UK companies with strong growth prospects is a differentiated offer with appeal to all investors who believe in the UK recovery story. It therefore intends to increase […]
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07 Jan 2022 2 min read
Schroder British Opportunities’ Waterlogic to merge with Culligan International
Schroder British Opportunities (SBO) has announced that one of its private equity investments, Waterlogic Group Holdings, has agreed to combine with Culligan International to create a leader in sustainable drinking water solutions and services. The transaction is expected to close in the second half of 2022, subject to receipt of regulatory approvals and the satisfaction […]
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05 Oct 2021 3 min read
Schroder British Opportunities off to a good start
Schroder British Opportunities off to a good start – Schroder British Opportunities Trust, managed by Rory Bateman and Tim Creed, has published its first results, covering the period from its incorporation on 21 September 2020 to 30 June 2021. The trust has got off to a good start with NAV growth of 10.6% over the seven […]
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04 Aug 2021 3 min read
QuotedData’s morning briefing 4 August 2021
In QuotedData’s morning briefing 4 August 2021: One of Schroder British Opportunities’s (SBO) private equity holdings, Rapyd, has completed a $300m Series E funding round. The global Fintech as a Service company had recently acquired Valitor, a European payments and card issuing company and also launched a venture arm. The additional funds will enable Rapyd to […]
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02 Jun 2021 2 min read
QuotedData’s morning briefing 2 June 2021
QuotedData’s morning briefing 2 June 2021 – The Scottish Investment Trust’s (SCIN’s) board is to undertake a review of the future investment management arrangements of the company. In 2015 SCIN adopted a high conviction, global contrarian investment approach. The board’s view at the time was that a period of at least 5 years would be required to evaluate […]
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21 May 2021 1 min read
QuotedData’s weekly news show 21 May 2021
QuotedData’s weekly news show 21 May 2021 Thank you to everyone that listened in today, whether you watched the Zoom live, on Facebook or on Youtube. In this week’s show, James Carthew covered the week’s top stories: Acorn Income set to appoint BMO following strategic review Cordiant Digital Infrastructure launching a placing of C shares Schroder […]
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2 min read
Schroder British Opportunities investment acquires majority stake in Waterlogic
Schroder British Opportunities (SBO) has announced that it made an investment into the EPIC I-b Fund SLP, a single asset fund managed by Castik Capital, which has acquired a majority stake in Waterlogic Group Holdings Limited, a leading global provider of purified drinking water dispensers, headquartered in the UK. Who are Waterlogic? Founded in the […]
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16 Apr 2021 1 min read
QuotedData’s weekly news show 16 April 2021
QuotedData’s weekly news show 16 April 2021 Thank you to everyone that listened in today, whether you watched the Zoom live, on Facebook or on Youtube. In this week’s show, James Carthew covered the week’s top stories: Schroder British Opportunities’ new investment Brevan Howard funds update Richard Williams also covered British Land’s strategic review of […]
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2 min read
Schroder British Opportunities invests in Cera Care
Schroder British Opportunities (SBO) has announced an investment into Cera Care Limited, as part of a new funding round to support the company’s growth plans, in a transaction led by Evolve HealthCare Partners, a pan-European healthcare focused private equity firm. Cera is a technology-enabled home care provider founded and based in the UK. The new […]
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18 Mar 2021 2 min read
QuotedData’s morning briefing 18 March 2021
In QuotedData’s morning briefing 18 March 2021: NB Distressed Debt says its investment manager, Neuberger Berman Europe Limited, has offered to waive its entitlement to receive its management fee with immediate effect. The chairman says “The fee waiver recognises that it is taking longer than expected to fully realise the company’s assets due to a number […]
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15 Jan 2021 1 min read
QuotedData’s weekly news show 15 January 2021
QuotedData’s weekly news show 15 January 2021 Thank you to everyone that listened in today, whether you watched the Zoom live, on Facebook or on Youtube. In this week’s show, James Carthew covered the week’s top stories: Schroder British Opportunities update Schroders UK Public Private update Executive order 13959 Gabelli Value Plus liquidation vote Watch […]
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14 Jan 2021 1 min read
Schroder British Opportunities backs Rapyd
Schroder British Opportunities backs Rapyd – Schroder British Opportunities Trust has made an investment into Rapyd, a leading global ‘Fintech-as-a-Service’ company with significant UK operations. SBO’s investment forms part of Rapyd’s $300m Series D financing round, which was led by Coatue and which marks the company’s third private equity investment. SBO invested via its co-investment partner […]
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29 Dec 2020 1 min read
QuotedData’s morning briefing 29 December 2020
In QuotedData’s morning briefing 29 December 2020 – Supermarket Income REIT (SUPR) has bought a Waitrose supermarket in Market Harborough, Leicestershire from Alpha Real Estate for £9.1m. The investment represents a net initial yield of 4.3%, with an unexpired lease term of 19 years. Schroder British Opportunities (SBO) announced an investment into Graphcore, described as a leading machine […]
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21 Dec 2020 1 min read
QuotedData’s morning briefing 21 December 2020
In QuotedData’s morning briefing 21 December 2020 – Schroder British Opportunities (SBO) announced its investment into Learning Curve Group (LCG), described as a leading private UK training and education specialist. SBO invested alongside Agilitas, a pan-European mid-market private equity firm. LCG represents SBO’s first private equity investment. LCG provides opportunities for over 120,000 learners and 4,500 employers […]
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27 Nov 2020 1 min read
QuotedData’s weekly news show 27 November 2020
QuotedData’s weekly news show 27 November 2020 Thank you to everyone that listened in today, whether you watched the Zoom live, on Facebook or on youtube. In this week’s show, James Carthew covered the week’s top stories: Schroder British Opportunities IPO Nippon Active Value’s plan to bid for a company CC Japan’s plan to issue […]
Upcoming Events
Videos
In The Press
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29 Jul 2024 1 min read
Investment trust insider on rebuilding Britain
Investment trust insider on rebuilding Britain – James Carthew: Trusts must invest capital, not buy back shares forever New regulation could narrow share price discounts, allowing trusts to reallocate capital into areas that need it, such as infrastructure and private British companies. Post the election, a sense of optimism is emerging in the UK. For […]
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07 May 2024 1 min read
Investment trust insider on growth capital funds
Investment trust insider on growth capital funds – James Carthew: Growth capital funds like Chrysalis are bargains Last week, Federal Reserve chair Jerome Powell poured more cold water on the prospect of imminent interest rate cuts in the US but at least seemed to rule out new rate rises. Growth capital funds providing finance to […]
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16 Aug 2023 1 min read
Investment trust insider on the return of arbitrageurs
Investment trust insider on the return of arbitrageurs – James Carthew: The unfit trusts at risk from an ‘arb’ attack Investment company bargains abound following the discount widening that has plagued the sector. We have seen some welcome proactive moves by boards to address the problem. What does not seem to have emerged yet is […]
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31 Jul 2023 1 min read
Experts say tide is turning on UK shares – now the world’s cheapest
By ROSIE MURRAY-WEST, Mail on Sunday, 30 July 2023: Investors in British companies have had a tough time this year. They have endured a rollercoaster ride of stomach-lurching rises and falls if they invested in the FTSE 100 list of the UK’s 100 largest companies – and all they would have to show for it […]
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24 Jul 2023 1 min read
Why I’m sticking some start-ups in my pension
David Brenchley, The Times, July 22 2023: Cheap private equity investment trusts can be lucrative pension investments – but you need to pick the best and back them for the long-term. Private equity funds have been in the spotlight since the chancellor, Jeremy Hunt, got nine of Britain’s biggest pension firms to agree to pump […]
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27 Mar 2023 1 min read
Is it time to sell Scottish Mortgage?
David Brenchley, The Sunday Times, Sunday March 26 2023: A boardroom bust-up and the resignation of its chairwoman has compounded issues at Scottish Mortgage, the UK’s second-largest investment trust whose shares have more than halved in 16 months… What happened? A row erupted on March 17 when in remarks made to the Financial Times, Amar […]
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15 Nov 2021 2 min read
The alternative trusts allowing investors to capture new trends
Investment trusts enjoy record year for fundraising as they back a new wave of innovation November 11, 2021, Investors Chronicle, By Mary McDougall Investment trust fundraising amounted to £11.4bn in the first 10 months of the year, a record for the ancient fund structure which is now financing a new wave of innovation. Most striking is the […]
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25 Aug 2021 1 min read
Which is the best route to profit from fast-growing unlisted firms?
Which is the best route to profit from fast-growing unlisted firms? 24th August 2021 10:35 by Jennifer Hill from interactive investor Jennifer Hill pits private equity trusts against growth capital trusts. Listing on the stock market used to be seen as a mark of success for companies, but with many choosing to stay private for longer, opportunities […]
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01 Feb 2021 1 min read
Ship shape and ready to float?
Ship shape and ready to float? IPO market picks up but headwinds remain for small launches Larger vehicles in better stead David Brenchley, Investment Week, 26 January 2021 The 21 months to end-September had been quiet for new issuance from investment companies, with 2019 the lowest annual total (£1.4bn) raised through IPOs since 2016, and […]
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18 Jan 2021 1 min read
Investment trust insider on Schroder’s UK cheerleaders
Investment trust insider on Schroder’s UK cheerleaders – James Carthew: Schroders steers old Woodford trust towards British opportunity Schroder UK Public Private Trust (SUPP) may have turned a corner last week after a bid for one of the companies in its portfolio looks set to free up substantial cash for the beleaguered former Woodford Patient Capital […]