Schroders has acquired a majority stake in Swiss impact investor BlueOrchard for an undisclosed sum, a spokeswoman said.
BlueOrchard, a Zurich-based investor with $3.5 billion in assets under management, offers impact investment strategies for credit, private equity and sustainable infrastructure asset classes.
There will be no changes to BlueOrchard's management team, processes or strategies. Peter A. Fanconi will remain chairman and Patrick Scheurle as CEO of BlueOrchard.
However, Schroders will appoint Group Chief Executive Peter Harrison, Global Head of Private Assets Georg Wunderlin and Executive Chairman of Schroder Adveq Stephen Mills to BlueOrchard's board.
"Schroders' stable ownership structure and heritage, which is closely aligned with BlueOrchard's long-term investment philosophy makes them an excellent partner," said Mr. Scheurle in a news release. "With the backing of such a strong and like-minded institutional partner, we will be able to ... increase our impact substantially, while retaining our investment and operational autonomy."
This deal follows Schroders' acquisition of the €1.2 billion ($1.3 billion) Munich-based boutique real estate manager Blue Asset Management for an undisclosed sum in May.