Schroders Capital and Phoenix Group to form Future Growth Capital.

Schroders, a global investment management firm, and Phoenix Group, a long-term savings and retirement business, agreed to form Future Growth Capital, a market investment manager promoting objectives of the Mansion House Compact. Financial terms were not disclosed. “The UK’s private companies are an untapped universe of investment opportunity. By stimulating investment into our private markets, our partnership will address the multiple challenges of the looming retirement crisis and boosting UK growth. By connecting long-term savers with our country’s most inventive companies, Future Growth Capital will help more people to fund a secure and comfortable retirement, whilst supporting businesses to grow and thrive right here in the UK. In doing so, we’ll be making the UK an even more attractive place to live, work, retire and invest,” Peter Harrison, Schroders CEO.