The winner of multi-asset fund of the year is Schroders Capital Climate+ Long-Term Asset Funds (LTAF), a global multi-private asset, climate impact solution, created to capture the investment opportunity in private markets driven by climate change.

Over the past year, the fund reports its impact has led to 199,062 tons of carbon dioxide emissions being eliminated; 73 MW of renewable energy capacity being installed; and 436,001 m³ of water being saved. Furthermore, the fund contributed to the treatment 422,868 m³ of wastewater and the installation of 140 electric vehicle charging points. From an investment perspective, the fund has continued to grow rapidly, with year-on-year net asset value (NAV) development of 110.5%.

The investor uses a proprietary scorecard aligned with its Theory of Change and the five dimensions of impact: intent ("what"), scale and results ("how much"), beneficiaries ("who"), contribution, and risk. Assessments draw on external frameworks such as the United Nations Sustainable Development Goals (SDGs), Sustainable Development Investments Asset Owner Platform (SDI AOP), Impact Reporting and Investment Standards Plus (IRIS+), and World Bank indicators, and include baseline and target KPIs, impact materiality, as well as enterprise and investor additionality.

The judging panel was impressed with the granular metrics presented, the strong governance framework around impact management, and the investments made with independent committees.