The first vehicle, the Schroders Capital Semi-Liquid Global Private Equity ELTIF, is an evergreen fund offering quarterly redemptions. It complements the firm's existing semi-liquid platform, which launched in 2019 and now holds more than $2.4bn in assets under management. That fund has delivered a 14.3% annualised return since inception. The second fund, Global Direct IV Access, is a closed-ended ELTIF with a nine-year term. It will invest alongside Schroders Capital's $700m Global Direct IV co-investment vehicle, offering investors exposure to direct private equity deals. Both ELTIFs will follow the same core strategy, with a 90% portfolio overlap. They will focus on co-investments and single-asset GP-led secondaries, primarily in small to mid-sized privately held companies. Minimum investment starts at '10,000 for the semi-liquid ELTIF and '25,000 for the closed-ended structure. A Schroders spokesperson noted that the fund structure reflects investor demand for fee-efficient...
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