Phoenix Group Holdings PLC and Schroders have announced their collaboration to establish a new private markets investment manager. The joint venture aims to leverage Phoenix's expertise in managing closed life insurance funds and Schroders' asset management capabilities to create a leading platform in the private markets space. The new entity will focus on providing investment opportunities in areas such as private equity, infrastructure, and other alternative assets.
The collaboration between Phoenix Group and Schroders is a strategic move that aligns with both companies' objectives. According to the news article, the new venture will "combine Phoenix's heritage, customer base, and distribution capabilities with Schroders' proven investment expertise and institutional client base." This partnership is expected to capitalize on the growing demand for alternative investments and provide innovative solutions to meet the evolving needs of institutional and retail investors.
The joint venture's establishment reflects Phoenix Group's commitment to diversifying its investment offerings and expanding its presence in the private markets sector. By leveraging Schroders' extensive experience in asset management, the new entity aims to deliver attractive risk-adjusted returns for its clients while maintaining a focus on responsible investing and sustainable practices.
Overall, the collaboration between Phoenix Group Holdings PLC and Schroders to launch a new private markets investment manager signifies a significant development in the financial services industry. The joint venture is poised to bring together the strengths of both organizations to create a robust platform that caters to the increasing demand for alternative investment opportunities, ultimately benefiting institutional and retail investors seeking exposure to private markets.