--- title: Nu kid on the block description: After more than 200 years of family stewardship, Schroders has agreed to a GBP9.9 billion takeover by the Chicago-based investor. image: https://community.ipem-market.com/hubfs/IPEM_Community_header-weekly-spin_full.jpg --- ## [![logo_IPEM-community_orange-1](https://community.ipem-market.com/hubfs/logo_IPEM-community_orange-1.svg "logo_IPEM-community_orange-1")](https://community.ipem-market.com/) [Follow us on LinkedIn ](https://www.linkedin.com/company/ipem_privateequity) [Follow us on Youtube ](https://www.youtube.com/@ipem?themeRefresh=1) [More information ](https://www.ipem-market.com/) [✕](https://community.ipem-market.com/nu-kid-on-the-block#atbs-offcanvas-primary) [** ](https://community.ipem-market.com/nu-kid-on-the-block#) Share - ![chicago bears image (1)](https://community.ipem-market.com/hs-fs/hubfs/chicago%20bears%20image%20(1).jpg?width=720&height=635&name=chicago%20bears%20image%20(1).jpg) ## Nu kid on the block After more than 200 years of family stewardship, Schroders has agreed to a GBP9.9 billion takeover by the Chicago-based investor. Nuveen, bringing one of London’s last great dynastic ownership stories to a close. Founded in 1804 and long controlled by successive generations of the Schroder family, the FTSE-listed asset manager will see its historic control stake absorbed as part of a transatlantic transaction that keeps the brand but ends the bloodline’s grip on the tiller. The deal reflects mounting structural pressures across public asset management — fee compression, passive encroachment, and the relentless premium on scale — while also serving as a symbolic moment for UK plc: another storied institution opting for the depth of American capital markets over the constraints of London’s. Schroders chief executive Richard Oldfield said that in Nuveen “we see a partner that shares our values, respects the culture we have built and will create exciting opportunities for our clients and people.” It seems that with this latest take-private announcement, heritage remains…control does not. 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By [James Williams](https://community.ipem-market.com/author/james-williams) Feb 17 2026 ```json { "@context" : "https://schema.org", "@type" : "BlogPosting", "author" : { "@type" : "Person", "name" : "James Williams", "url" : "https://community.ipem-market.com/author/james-williams" }, "dateModified" : "2026-03-16T14:10:27.369Z", "datePublished" : "2026-02-24T14:00:00.000Z", "headline" : "Nu kid on the block", "image" : [ "https://community.ipem-market.com/hubfs/IPEM_Community_header-weekly-spin_full.jpg" ], "mainEntityOfPage" : { "@id" : "https://community.ipem-market.com/nu-kid-on-the-block", "@type" : "WebPage" }, "publisher" : { "@type" : "Organization", "logo" : { "@type" : "ImageObject", "url" : "https://community.ipem-market.com/hubfs/IPEM%20Brand%20Identity/logo_IPEM_classique-orange.svg" }, "name" : "EUROPEXPO (IPEM)" } } ```