Schroder Ventures has taken yet another step closer to independence from Schroders by further diminishing its parent's economic involvement in future funds. Schroders will only take a 7.5% cut of the carried interest, the managers' share in a fund's profits, on all future funds which Schroder Ventures raise.

Schroder Ventures already operates as an autonomous unit sharing little more than a name with Schroders. Schroders has no say in the running of the private equity business. One industry insider said the continued share in Schroder Ventures' carried interest (the carry) is tantamount to payment for the continued use of the Schroders name and the good will inherent in it.