Schroders Capital has chosen the Luxembourg office of Brown Brothers Harriman, a financial services company, to offer depository and administrative services for its inaugural European Long-Term Investment Fund (Eltif) offering. Photo: Shutterstock

Schroders Capital has chosen the Luxembourg office of Brown Brothers Harriman, a financial services company, to offer depository and administrative services for its inaugural European Long-Term Investment Fund (Eltif) offering. Photo: Shutterstock

On Thursday 11 May, Brown Brothers Harriman Luxembourg announced that it has been chosen as the central administrator and depositary bank for the debut of Schroders Capital’s first European Long-Term Investment Fund (Eltif).

BBH has invested in this sector for several years, resulting in a cohesive client service model and technology platform for all private market strategies, the company stated in an .

“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 at BBH. “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 democratisation 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 offers a range of services such as private banking and investment management services, along with investor services. The firm has a global workforce of approximately 6,000 employees, including an estimated 381 employees located in Luxembourg.