Schroder UK Public Private Trust plc: Portfolio Manager Appointment and Change of Name

Schroders has been appointed the portfolio manager of the Schroders UK Public Private Trust plc.

Schroders announced in October that it had agreed heads of terms with the Board of Schroder UK Public Private Trust plc (previously Woodford Patient Capital Trust plc).

The Trust, which has a Net Asset Value of £502 million[1], has also today been officially renamed the Schroders UK Public Private Trust plc.

Schroders employs a collaborative team-based approach, combining its skill, experience and significant research resources across both public listed equity, and private equity.

Schroders' Private Equity investment team, Schroder Adveq, has over 20 years' experience and a track record of successfully investing in early stage companies both direct via co-investment and through funds.

Schroder Adveq has over $10 billion[2] of assets under management across several specialist strategies. This includes investments in funds and companies and over 100 direct co-investments across Europe, US and Asia.

Schroders will leverage its stock selection expertise from across their public equities teams, as well as its wider investment capabilities in Data Insights and Sustainability.

The aim will be to exploit the very best of Schroders' long-term fundamental equity analysis in pursuit of identifying leading businesses of the decades ahead.

Susan Searle, Chairman of the Board of Schroder UK Public Private Trust plc, commented:

'I am extremely pleased to announce the appointment of Schroders as the Company's portfolio manager. Following a smooth handover, the Board is confident that the portfolio manager's expertise in both public and private assets, alongside its deep sector experience, will enable the portfolio to deliver sustainable value and positive long-term shareholder returns.

'I have been highly impressed with the Schroders team and their approach, having worked closely with them during the transition. The Board and I look forward to keeping shareholders updated as Schroders gets started as our new portfolio manager.'

Schroders commented:

'Schroders is delighted to have been given the opportunity to manage this portfolio and work to best meet the investment needs of clients invested in this Trust.

'The investment strategy we will utilise for the mandate, with its focus on investment in both public markets and private assets, reflects one of our key strategic growth areas across our business.

'We are also pleased that the borrowing facility has been extended for a 12-month period, allowing time for a considered approach to de-gearing the portfolio and providing the portfolio managers more flexibility in managing the Company's assets for the benefit of the shareholders.'

[1]As of 12 December 2019

[2]As at 30 June, 2019

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Estelle Bibby, Head of Media Relations [phone]/[e-mail]

Melanie Sabol, PR Manager [phone]/[e-mail]

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