Widening access
As part of our mission to make private market social impact investment opportunities available to a wider range of investors, we partnered with Schroders in late 2020, to launch the Schroder BSC Social Impact Trust (SBSI), the first impact investment trust to trade on a global stock exchange.
Growth of the Schroder BSC Social Impact Trust
The successful initial public offering (IPO) in December 2020, raised £75 million from a range of investors, alongside a seed portfolio acquired from Big Society Capital. An additional round of fundraising closed in November 2021, where we saw good support from the Trust’s existing shareholders, as well as interest from a number of new investors, and a total of £10.8 million was raised. This brought the total capital raised since launch to over £85 million. The Trust is now fully committed, with nearly £70 million already deployed to social enterprises and charities across the UK.
We are targeting to grow the Trust over the next three years and continue our engagement with existing and potential shareholders.
Full details on the impact of the Trust can be found in its recently published Impact Report.
Industry recognition
The Trust’s important contribution to the development of the market for impact investments was recognised with Fund of the Year – Multi-Asset/Other at the Environmental Finance IMPACT Awards, and Most Innovative Sustainable and ESG Fund Launch at the Investment Week Sustainable & ESG Investment Awards.
- £87m committed to finance 160 social organisations
- 160000+ people provided with essential services, at least 90% from disadvantaged or vulnerable backgrounds