72: Rainer Ender of Schroders Capital on their $75 Billion Private Assets Business

Money Maze Podcast

Business, Investing, Management, News, Business News

4.8 • 216 Ratings

🗓️ 11 August 2022

⏱️ 42 minutes

🔗️ Recording | iTunes | RSS

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Summary

In today’s episode, we have a Swiss physicist with a PhD who loves to climb mountains, but is also responsible for running Schroders's $75 billion private assets business (Schroders Capital).

Rainer Ender explains their approach, which concentrates on indirect investments, partnering with both large global and small local firms. Its investment philosophy has a central focus on investing “1 step below the mid-market”.

Rainer explains the inefficiencies and opportunities they believe exist in the sub-$2billion market cap space, the lower correlation this segment has to public markets, and why their goal is to “buy well, transform and sell upward”.

He discusses their geographical reach, and explains their core expertise in Europe (which makes up over half of their $20 billion in investments). He provides examples of investment from Indian eye care to Revolut in Europe, the client base, the democratisation of private equity, and why PE firms need to continue to improve disclosures and demystify their world.

Interested in working with Schroders Capital? Get in touch with them here.

Please note, The Money Maze Podcast is kindly sponsored by Schroders, as well as Bremont Watches, LiveTrade and Mintus, ensuring we can bring you the show for free!

Transcript

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0:00.0	Welcome to the Money Maze podcast. I'm Simon Brewer and Will Campion and I have created this show to explore and unravel some of the mysteries surrounding the investment business. We hope through direct and insightful interviews with
0:21.8	masters of the real-life money maze, we're going to learn about different approaches to
0:26.3	allocating capital, making investment and business decisions, and navigating the pitfalls that
0:31.9	lie in the paths to prosperity. Whether you're a current or aspiring investor, entrepreneur, professional or student exploring career options, we hope you gain some helpful insights and enjoy the shows.
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0:52.3	If you enjoy the show, please subscribe and we'd love you to
0:55.2	tell a friend or colleague about it. Thank you for listening. We're delighted to have
1:02.5	Schroeder's as a sponsor and corporate partner. Shroder's is a global investment manager
1:07.5	whose purpose is to provide excellent investment performance through active
1:11.8	decision-making. For more than two centuries, Schroeder's has evolved their understanding of
1:16.3	markets, offering investment solutions across fixed income, equities, multi-asset, as well as private
1:22.5	markets through Schroeder's capital. Schroeder's actively invests in companies with
1:27.0	responsible and durable
1:28.2	business models. They're also a leading specialist in impact investing for clients who want to
1:33.2	maximize positive change. Capital is at risk with investing. Bromont is also a sponsor of the
1:40.0	Money Maze podcast. Bromont is a British company based in Henley that was established 20 years ago by two
1:46.4	young brothers whose dream was to design and engineer beautiful chronometers.
1:52.0	When Giles English, one of those brothers appeared as a guest on the Money Mays podcast last
1:56.7	year, he brought to life the wonderful history of British watch baking, helping to explain why the world sets its time by Greenwich Meantime.
2:05.4	And he captured the incredible challenge of mastering the complexities involved in making exquisitely engineered timepieces.
2:13.2	He has said never judge one of our watches until you've held it in your hand and felt the
2:18.3	quality. And both Will Campion and I have bought a watch and we love them. Great innovation,
	...

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