Schroders’ private markets business, Schroders Capital, has raised more than $600m at the final close of the Schroders Capital Private Equity Global Innovation XI Fund.

Global investors in its latest fundraise included family offices, foundations, insurance companies, and pension funds.

The strategy spans the full investment lifecycle, from primary commitments into new venture funds, to direct investments, co-investments and secondary purchases.

It provides exposure to portfolio companies diversified across stages, sectors and regions.

The portfolio primarily allocates to established and access-restricted investments, with a key sector focus on technology innovation, especially in developing businesses looking to capitalise on the potential benefits of generative artificial intelligence (AI).

Another area of focus for the strategy was security, with the upcoming exit including cloud security company Wiz, which is set to be acquired by Google for $32bn, subject to regulatory approval.

“The strong fundraising momentum and successful closing of Global Innovation XI underscores our commitment to delivering exceptional value and innovative solutions for our investors,” commented Schroders Capital head of global innovation, Steven Yang.

“Disruptive innovation is occurring at pace and on a global scale, bringing compelling opportunities for investors. Against this backdrop, we have seen increasing interest in venture exposure within sectors exhibiting strong innovation potential, with technology, artificial intelligence and biopharma at the forefront.

“Our strong relationships and diversified portfolio make us well-positioned to further capture the emerging growth and value creation opportunities from these global innovation shifts – providing our investors access to leading investments across the world’s innovation hubs.”

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