Schroders sells out of RWC as new partner takes 27% stake

Subject to regulatory approval, the transaction will see Schroders completely exit their equity stake in RWC Partners. Schroders bought the stake in 2010, which stood at 49% but has since been diluted due to the growth of RWC's assets over this time period. RWC has found a new long-term partner in Lincoln Peak Capital, a firm that specialise in long-term (10-year+), minority investments in asset managers. PA's sister title Investment Week can reveal the firm is to buy a 27% stake, with the rest of Schroders' position taken up by RWC itself and its shareholders. RWC joined by investmen...