REG - Schroder BSC Social - Portfolio Manager Name Change – 29 April 2024

Schroder BSC Social Impact TrustAnnouncement

29/04/2024 07:00

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RNS Number : 2763M  Schroder BSC Social Impact Trust  29 April 2024

 

Schroder BSC Social Impact Trust plc

 

Portfolio Manager Name Change - 29 April 2024

 

 

The Board of Schroder BSC Social Impact Trust plc (the "Company"), which
provides a unique investment opportunity to address UK social challenges,
announces today that the portfolio manager changes name from Big Society
Capital Ltd to Better Society Capital Ltd. The Company name remains the
Schroder BSC Social Impact Trust and there is no change to the share register,
portfolio or investment thesis.

 

Stephen Muers, CEO of Better Society Capital said:

"Since our launch in 2012 we've helped to grow the social impact investment
market over 11-fold to over £9 billion. As our opportunity set and activities
have developed further, we have decided to evolve our name to better
articulate our ambitions, while preserving a clear connection to what we have
achieved so far."

 

Susannah Nicklin, Chair of the Schroder BSC Social Impact Trust said:

"Better Society Capital is well established in the social investment market
with a proven track record and deep networks. This new name nicely captures an
evolution of the business and broader context of its increasing profile in a
growing market."

 

For further information, please contact:

 Schroders
 Schroder Investment Management Limited (Company Secretary)  0207 658 6000

 Augustine Chipungu (Press)                                  0207 658 2106

 Better Society Capital
 Emma Hickinbotham                                           ehickinbotham@bettersocietycapital.com

 Winterflood Securities Limited                              020 3100 0000

 Neil Langford

 

 

About Schroder BSC Social Impact Trust plc

The Company was launched in December 2020, to enable access to high social
impact investment opportunities in private markets - tackling social
challenges across the UK. The Company manages 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
(https://protect-eu.mimecast.com/s/KiDaC3QwvHLPPRfqceyJ?domain=schroders.com)
 

 

About Better Society Capital

Better Society Capital is the UK's leading social impact investor. Our mission
is to grow the amount of money invested in tackling social issues and
inequalities in the UK. We do this by investing our own capital and helping
others invest for impact too.

 

Since 2012, we have helped build a market that has directed more than £9
billion into social purpose organisations tackling issues from homelessness
and mental health, to childhood obesity and fuel poverty, a more than ten-fold
increase.

 

Further information about Better Society Capital can be found
at www.bettersocietycapital.com (//www.bettersocietycapital.com)

 

About Schroders plc

Schroders plc

Schroders is a global investment management firm with £760.4 billion assets
under management, as at 31 March 2024. Schroders continues to deliver strong
financial results in ever challenging market conditions, with a market
capitalisation of circa £7 billion and over 6,100 employees across 38
locations. Established in 1804, the founding family remains a core
shareholder, holding approximately 44% of Schroders' shares.

Schroders has benefited from a diverse business model by geography, asset
class and client type. It offers innovative products and solutions across four
core growing business areas: asset management, solutions, Schroders Capital
(private markets) and wealth management. Clients include insurance companies,
pension schemes, sovereign wealth funds, high net worth individuals and
foundations. Schroders also manages assets for end clients as part of its
relationships with distributors, financial advisers and online platforms.

Schroders aims to provide excellent investment performance to clients through
active management. It also channels capital into sustainable and durable
businesses to accelerate positive change in the world. Schroders' business
philosophy is based on the belief that if we deliver for clients, we will
deliver for our shareholders and other stakeholders.

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