– Schroders Capital has closed its flagship co-investment fund, Global Direct IV, at $1.3bn, its largest closed-ended commingled private equity fund to date.
– The close brings more than $5bn raised across Schroders Capital’s private equity platform in 2026, marking the third consecutive year of record fundraising.
– Global Direct IV is a pure-play co-investment strategy focused on the small and mid-market, typically investing in companies with enterprise values below $1bn across Europe and the US, with selective growth investments in Asia.
– The fund targets five core sectors: healthcare, technology, business services, consumer and industrials, investing alongside specialist GPs in companies with transformational growth potential.
– Schroders Capital’s direct/co-investment strategy has completed more than 260 co-investments, with a 3.3x MOIC across 86 partially or fully realised investments; its three most recent announced exits are expected to generate a blended 6.0x MOIC and more than $1.2bn in proceeds.
– Rainer Ender, Global Head of Private Equity: “2026 marks our third consecutive year of record fundraising, with over $5bn raised across the platform this year – reflecting both the strength of our sponsor relationships and our ability to consistently capture, execute, and manage opportunities with significant potential for transformational growth.”
– Jeremy Knox, Co-Portfolio Manager of Global Direct IV: “As a leading global co-investor in the small and mid-market, we believe this segment continues to offer a vast and compelling opportunity set.”
– Schroders Capital’s private equity platform has $29.7bn in AUM and more than 25 years of investment experience spanning primary fund commitments, direct co-investments and continuation investments, with a focus on small and mid-market buyouts, growth companies and global venture capital.
