Schroders has conducted senior-level discussions on potential tie-ups intended to accelerate expansion of its private capital business, according to three people familiar with the matter. The conversations centered on options to grow Schroders Capital by partnering with other investment groups and possibly insurers.
Sources told reporters that Schroders explored a potential arrangement with French investment firm Wendel, with two individuals specifically citing that option. Separately, another source indicated that talks were held with London-listed Bridgepoint Group as a possible partner.
Those exchanges occurred several months ago. Participants say the talks have since been paused; the available information does not indicate why the discussions were halted.
In a recent trading update, Schroders disclosed that Schroders Capital attracted £4.5 billion in the initiative's first year, underscoring early fundraising momentum for the division.
Sources also said that Schroders Capital had explored the possibility of partnerships with insurers as part of its strategy to broaden distribution and capabilities.
Responding to questions, Schroders provided an emailed statement saying: "We are in regular dialogue with advisers and industry peers about partnerships whereby we can explore new and innovative ways to expand our client proposition, find new distribution channels, leverage additional capabilities and grow our business." The statement frames the firm's outreach as part of ongoing strategic conversations rather than announcing any completed transactions.
The discussions described by the sources were at a high level and have not resulted in public announcements. With talks paused and no explanation available for the pause, the future path for any partnership remains uncertain based on the information currently disclosed.
Context limitations - The reporting available discloses the existence of discussions, the identities of potential counterparties as reported by sources, the timing of when those talks took place, and the pause in talks. It does not provide details on proposed deal structures, valuation, capital commitments, or a timetable for any renewed discussions.