What’s the valuation process for private companies?

Roddy Snell on the investment landscape in China, ‘silicon intensity’ and positioning the portfolio to maximise future growth opportunities.

We discuss market volatility, Diploma’s business model and the Strategic Bond Fund.

The China Team reflects on recent performance, portfolio changes and market developments.

The Baillie Gifford US Growth Trust plc seeks to invest predominantly in listed and unlisted US companies that the Company believes have the potential to grow substantially faster than the average company, and to hold onto them for long periods of time to produce long-term capital growth.

The Schiehallion Fund Limited seeks to generate capital growth for investors through long-term minority investments in later stage private businesses that the Company considers to have transformational growth potential and to have the potential to become publicly traded. Please note, Schiehallion C Shares were converted into Ordinary Shares on Friday 8th September 2023. Any information shown below before that date refers to the Ordinary Shares before the merger. From 30th September 2023, all information shown here will be reflective of the whole Schiehallion Fund.

The Edinburgh Worldwide Investment Trust plc aims for capital growth from a global portfolio of initially immature entrepreneurial companies, typically with a market capitalisation of less than $5bn at time of initial investment, which are believed to offer long-term growth potential.