May 11, 2023 – Brown Brothers Harriman (Luxembourg) S.C.A, a market leading service provider for private markets, has been selected by Schroders Capital as Central Administrator and Depositary Bank for the launch of its first European Long-Term Investment Fund (ELTIF).1
An ever-broader range of investors are increasingly seeking access to the enhanced performance opportunities that private markets strategies can offer, which structures such as the ELTIF facilitate. However, they also present challenges including increased investor volumes, the management of investor liquidity requirements, and the use of mainstream distributors’ platforms.
BBH’s multi-year investment program in this space has delivered a singular client service model and technology platform across all private market strategies. Managers can add asset classes and products without causing disruption to their businesses. They can streamline their operations by relying on a single source to support the valuation of their private and public assets, cash positions and accounting data, and offer their investor a harmonized experience.
“We are proud to have been selected by Schroders Capital for the launch of their first ELTIF and to support them in their goals to make private markets more accessible,” said Lata Vyas, Head of Product for Alternative Funds. “We’ve worked with many clients to build an efficient operating model that provides an integrated funds servicing experience. Our streamlined technology platform means we’re able to support private and public markets on a single platform.”
“We believe that a wider range of investors should have access to the opportunities that private assets can offer. BBH’s ability to support our democratization journey across public and private strategies has been a key differentiator in our efforts to expand access. We’ve valued their consultative approach when partnering with us on the launch of our first ELTIF.” said Peter Arnold, COO of Schroders Capital.
BBH is an independent, global financial services firm founded in 1818 and headquartered in New York City. It counts among its clients institutions, privately-held companies, families and wealthy individuals which it serves through its three business lines: Investor Services, Investment Management and Private Banking. The firm is known for its exceptional client service and selectivity.
BBH’s Investor Services business provides cross-border custody, accounting, administration, execution and advanced technology services to many of the world’s leading asset managers and financial institutions. BBH’s Investment Management and Private Banking businesses manage public and private securities portfolios, advise banking clients on strategic direction, provide debt financing and banking services and offer trust and estate services.
BBH, including BBH Investor Services, operates in over 90 markets worldwide from 17 offices. BBH employs approximately 6,000 professionals. For more information, please visit www.bbh.com.
1Schroders Capital ELTIF is only available in certain jurisdictions.
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