Schroders Capital, the private markets business of asset manager Schroders, has launched two new European Long-Term Investment Funds (Eltifs), expanding its private markets solutions for private clients.
The first fund, Schroders Capital Semi-Liquid Global Private Equity Eltif, is an evergreen structure that allows monthly subscriptions and quarterly redemptions. It builds on the success of Schroders Capital’s semi-liquid fund launched in 2019, which now manages over $2.4 billion. The original fund has delivered a strong annualised return of 14.3%, thanks to a diversified portfolio of small and mid-sized companies across North America and Europe. The new Eltif follows a similar strategy, focusing mainly on co-investments and GP-led secondaries, which offer efficient and cost-effective access to private equity.
Eltif 2.0 refers to the revised Eltif regulation, which came into effect in January 2024. It’s an update to the original Eltif framework (launched in 2015) and is aimed at making Eltifs more attractive to investors—especially retail investors—while encouraging more capital flow into long-term investments across the EU, like infrastructure, private equity, real estate and small and medium-sized enterprises.
Hamilton Lane expands private markets access with Eltif 2.0 fund
This fund is supported by the Eltif 2.0 framework, which allows more flexibility for investors while still tapping into institutional-quality private markets. Its semi-liquid format is designed for clients who want the long-term growth potential of private equity with a more accessible structure and periodic liquidity.
The second fund, Schroders Capital Global Direct IV Access, is a closed-ended Eltif that sits alongside Schroders Capital’s main co-investment fund, Global Direct IV, which has raised around $700 million from institutional investors. This new vehicle gives private clients a way to invest in the same opportunities, but through a structure that’s more suited to their needs—and without the extra fees typically found in feeder funds.
With a nine-year term, Global Direct IV Access is built for long-term investors, such as those using private equity as part of their retirement or wealth planning strategies. Like the semi-liquid fund, it focuses on high-quality, small to mid-sized private companies in Europe and North America.
Both funds are classified under Article 8 of the EU Disclosure Regulation (SFDR). The minimum investments are 10,000 euros for Schroders Capital Semi-Liquid Global Private Equity Eltif and 25,000 euros for Schroders Capital Global Direct IV Access.
