Schroders targets pandemic opportunity

By Owen Sanderson
23 Nov 2020

Schroders has closed a new private credit fund, which will use a mix of securitized bonds, warehouse lines, direct loans and other instruments to target dislocated opportunities as the impact of the Covid-19 pandemic plays out in credit markets.

The $1.5bn fund, dubbed Focus II — for "flexibility, opportunity, and conviction" — is a new departure for Schroders, despite the name (Focus I was a smaller fund set up to do bridge lending). It follows the route taken by other investment managers to seek lucrative opportunities away ...

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