Schroders Capital launches Climate+ LTAF Fund 

Date: 04 Apr 2023

Silvia Ricciardi

Schroders Capital, the specialist private markets investment division, announced the launch of Schroders Capital Climate+ LTAF, a Long-Term Asset Fund (LTAF), designed to help UK pension fund investors support the net zero transition.

This builds on the news earlier this month that Schroders had received regulatory approval to launch the UK’s first LTAF, an open-ended investment vehicle designed to enable a broader range of investors with longer-term horizons to invest efficiently in illiquid and private assets.

Cushon, a UK master trust leading the way on integrating sustainability into its investment strategy, is the strategy’s founding investor.

The core impact objective of Climate+, a diversified multi-private assets solution, is to contribute positively to climate change and support the transition towards net zero economies through its investments. The strategy will aim to invest across four long-term themes: climate mitigation, climate adaption, biodiversity/natural capital and social vulnerabilities.

Benefitting from a global investment mandate, the strategy will allocate to infrastructure, real estate, private equity, natural capital and biodiversity-focused assets, through a mixture of Schroders Capital and externally-managed funds.

Schroders Capital will also leverage the extensive experience of impact investing pioneer BlueOrchard, acquired in 2019, to deliver a high impact strategy, aligning to the Operating Principles for Impact Management (OPIM).  

Schroders Capital provides investors with access to a broad range of private asset investment opportunities. The strategy may obtain exposure to underlying assets through segregated accounts, as well as direct, secondary and co-investments.

It will also operate a robust liquidity management framework with a focus on managing excess cash and investing in more liquid assets. The Schroders Group is already a market leader in offering structures which provide greater access to private assets through its range of listed vehicles, as well as semi-liquid and illiquid structures.

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