Schroders’ Private Markets Arm Raises €400 Million for Buyouts

Schroders Plc’s private markets arm has raised €400 million ($444 million) for a European buyout fund, giving it fresh capital to pursue mid-sized deals.

The fund — Schroders Capital Private Equity Europe Direct III — received support from existing clients and new investors, spanning pension funds, insurance companies, endowments, foundations, and family offices, according to a statement seen by Bloomberg News.

Schroders Capital has raised over $2.6 billion for direct and co-investments in private equity since January 2022, it said in the statement.

Fundraising has become increasingly fraught, with more investors flocking to asset managers that offer multiple strategies ...