Schroders Capital, the private markets division of asset manager Schroders, reported that its assets under management (AUM) grew by £800m in the first quarter of 2026, rising from £72.6bn at the end of December 2025 to £73.4bn by March 31 2026.
The firm saw net new business of £300m, with net inflows in each of private debt, private equity, and credit alternatives and infrastructure.
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Together with £200m of net flows from Future Growth Capital, which is included in JVs and associates, Schroders Capital delivered £500m of net new business.
It comes as overall assets fell over the period, which the firm said was driven by market uncertainty. Total group AUM ended Q1 at £814.4bn, a decrease from £823.7bn in Q4 2024.
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“Our performance in the first quarter of 2026 reflected the shift in market conditions as the period progressed. In January and February, demand trends from late 2025 continued, with strong intermediary net flows into our public markets strategies, while Group AUM was buoyed by strong market,” said Richard Oldfield, group chief executive.
“In March we saw a reversal of these trends. As tensions escalated in the Middle East, client sentiment shifted to a more risk-off stance amid heightened geopolitical uncertainty. We continue to focus on supporting clients as they navigate these conditions.”
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It comes as Schroders shareholders overwhelmingly approved the takeover of the £9.9bn company by Nuveen in a meeting yesterday (16 April). The deal is set to create a private markets franchise worth $414bn.
