Schroders completes acquisition of majority stake in BlueOrchard
London/Zurich, 31 October 2019 – Schroders plc (“Schroders”) and BlueOrchard Finance Ltd (“BlueOrchard”) are today announcing the completion of Schroders’ acquisition of a majority stake in BlueOrchard, a leading impact investment manager.
BlueOrchard manages approximately $3.5 billion* in assets and operates in emerging and frontier markets worldwide.
BlueOrchard offers its investors premium impact investment solutions across multiple asset classes, including credit, private equity, and sustainable infrastructure and is an expert in innovative blended finance mandates.
Founded in 2001, it was the world’s first commercial manager of microfinance debt investments.
*as at 30 June 2019
Schroders’ Group Chief Executive, Peter Harrison, commented:
“BlueOrchard’s business demonstrates the positive impact financial markets can have on improving society. I am delighted that Schroders will be able to help support the many initiatives BlueOrchard has in targeting the United Nations’ Sustainable Development Goals.
“BlueOrchard’s work in microfinance and with development agencies both provides investors with the potential for financial returns, and demonstrably benefits millions of people in emerging markets.
“Impact investing will be a mega trend, as our clients want to use their assets to do more than just earn returns and Schroders is now at the leading edge of this.”
Schroders’ Global Head of Private Assets, Georg Wunderlin, commented:
“This partnership demonstrates our commitment to the increasingly important sustainability and broader impact investing space. BlueOrchard is a pioneer in impact investing in emerging markets and operates a range of capabilities across microfinance, impact bonds, private equity and infrastructure investments. We are looking forward to supporting BlueOrchard’s further growth path as part of the Schroders Group.”
Peter A. Fanconi, Chairman of BlueOrchard, commented:
“Being pioneers in microfinance and impact investing, we have built a high-quality, specialist impact investment solutions business over the past 20 years.
“BlueOrchard’s Board of Directors, which in its new composition will consist of both BlueOrchard and Schroders representatives, will support the firm to further flourish its business and provide an excellent service to BlueOrchard’s clients over the long term.“
BlueOrchard’s Chief Executive Officer Patrick Scheurle, commented:
“Impact investing is about merging the best of two worlds; achieving attractive investment returns but also achieving a social or environmental goal such as tackling climate change or reducing poverty.
“Schroders has a long-term and strong commitment to sustainability and we are confident that this partnership will further enable BlueOrchard to bring impact investing into the mainstream market.”
Schroders and BlueOrchard announced in July that they had entered into an agreement under which Schroders would acquire a majority stake in BlueOrchard.
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As a global investment manager, we help institutions, intermediaries and individuals meet their goals, fulfil their ambitions, and prepare for the future. But as the world changes, so do our clients’ needs. That’s why we have a long history of adapting to suit the times and keeping our focus on what matters most to our clients.
Doing this takes experience and expertise. We bring together people and data to spot the trends that will shape the future. This provides a unique perspective which allows us to always invest with conviction. We are responsible for £444.4 billion (€496.6 billion/$565.5 billion)* of assets for our clients who trust us to deliver sustainable returns. We remain determined to build future prosperity for them, and for all of society. Today, we have 5,000 people across six continents who focus on doing just this.
We are a global business that’s managed locally. This allows us to always keep our clients’ needs at the heart of everything we do. For over 200 years and more than seven generations we’ve grown and developed our expertise in tandem with our clients’ needs and interests.
Further information about Schroders can be found at www.schroders.com.
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*as at 30 June 2019
BlueOrchard is a leading global impact investment manager and a member of the Schroders group. The firm is dedicated to fostering inclusive and climate-smart growth in emerging and frontier markets, while providing attractive returns for investors. BlueOrchard was founded in 2001, by initiative of the UN, as the world’s first commercial manager of microfinance debt investments. The firm has built a distinct track record in offering premium impact investment solutions, including credit, private equity, and sustainable infrastructure. Being an expert in innovative blended finance mandates, the firm is a trusted partner of leading global development finance institutions. BlueOrchard has invested to date more than USD 6bn for sophisticated global private and public clients, enabling tangible social and environmental impact.
For additional information, please visit: www.blueorchard.com
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