Investor Update

RNS Number : 9469G

Schroder BSC Social Impact Trust

29 July 2021

 

Schroder BSC Social Impact Trust plc

Publication of Investor Update

Investor Update

Schroder BSC Social Impact Trust plc (the "Company") has today published its Investor Update. Highlights include:

· Portfolio financial performance ahead of plan, with yields largely in-line, and total return ahead of expectations, led by certain investments within Bridges Evergreen Holdings;

· New £5m follow-on commitment to Social and Sustainable Housing LP; and

· Portfolio 97% committed and on track to be fully committed, well ahead of the anticipated 12-month timeframe.

The update a lso features two Big Society Capital-led reports designed to establish new impact management norms and build greater ability to assess and compare impact performance and understand impact risk in investing in social and affordable housing.

 The full Investor Update can be found on the Company's website and at the following link:

http://www.rns-pdf.londonstockexchange.com/rns/9469G_1-2021-7-29.pdf

For further information, please contact:

Schroders
John Spedding Estelle Bibby (Press)	0207 658 3206 0207 658 3431
Big Society Capital
Georgette Harrison/Emma Hickinbotham, Senior Communications Directors (job share) James Westhead, Head of Engagement	[e-mail] [e-mail]
Winterflood Securities Limited	020 3100 0000
Neil Langford Chris Mills

About Schroder BSC Social Impact Trust plc

The Company was launched in December 2020, with the objective to enable access to high social impact investment opportunities in private markets - tackling social challenges across the UK. The Company aims to build a diversified portfolio across asset classes, targeting sustainable returns, demonstrable social impact, and low correlation to traditional public markets.

Further information about the Company can be found on its website at  www.schroders.com/SBSI

About Big Society Capital

Big Society Capital exists to improve the lives of people in the UK through social impact investing. We unite ideas, expertise and capital to create investment solutions for the UK's social challenges, supporting organisations that deliver both positive social impact and sustainable financial returns. So far, we have helped channel £2.2 billion* into investments tackling a wide range of problems such as homelessness, mental ill health and childhood obesity.

To widen access to social impact investing, we have partnered with Schroders, a global asset and wealth manager, to launch the listed Schroder BSC Social Impact Trust plc.  As the portfolio manager, we provide investors with high impact investments that contribute to solutions to social challenges alongside targeting long-term capital growth and income.

Further information about Big Society Capital can be found at   www.bigsocietycapital.com

*As at 31 December 2020

About Schroders plc

As a global investment manager, we actively and responsibly manage investments for a wide range of institutions and individuals, to help them meet their financial goals and prepare for the future. The world is forever changing, and with our clients at the centre of everything we do, we understand the need to continue to adapt and evolve our business in line with what matters most to our clients today, and in the future.

Our ongoing success is built on a history of experience and expertise, whereby we partner with our clients to construct innovative products and solutions across our five business areas consisting of Private Assets & Alternatives, Solutions, Mutual Funds, Institutional and Wealth Management and invest in a wide range of assets and geographies. By combining our commitment to active management and focus on sustainability, our strategic capabilities are designed to deliver positive outcomes for our clients.

We are responsible for £574.4 billion (€641.7 billion/$785.1 billion)* assets of our clients, managed locally by 42 investment teams worldwide. As a global business with over 5,500 talented staff across 35 locations, we are able to stay close to our clients and understand their needs. We have over 200 years of experience in investment and innovation and remain committed to creating a better future by investing responsibly for our clients.

Further information about Schroders can be found at   www.schroders.com .

*As at 31 December 2020

 

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