Overview
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.
Portfolio
Holdings - 31/10/2024
Fund % 1 Space Exploration Technologies 8.5% 2 Bytedance Ltd. 7.5% 3 Bending Spoons 5.6% 4 Affirm 4.7% 5 Wise 4.5% 6 Brex 3.7% 7 Tempus AI Inc 3.0% 8 Stripe 2.9% 9 Wayve 2.8% 10 Databricks 2.7% Total 45.8% Insights
Meet the Managers
Peter Singlehurst - Manager
Peter is Head of the Private Companies Team at Baillie Gifford and manager of the Schiehallion Fund. He joined the firm in 2010 and initially spent time working in our Credit and UK Equity Teams, before moving to our Global Discovery Team, which focuses on identifying innovative and rapidly growing smaller companies around the world. He moved to our Long Term Global Growth Team in 2014 at a time when the team was starting to invest in more private companies and became the first investor at Baillie Gifford to work exclusively on private company research. In September 2017, he moved to lead a newly formed Private Companies team, which is focussed on identifying high growth, late-stage private companies. In parallel to company research, Peter has worked to build out Baillie Gifford’s internal infrastructure for investing in private companies and developed new fund structures, with an emphasis on long term alignment and low cost, to allow clients to access the universe of high growth private companies. Peter graduated with a BA in Philosophy, Politics and Economics in 2008, and a MA in Philosophy in 2009 from Durham University.
Robert Natzler - Deputy Manager
Rob is a member of the Private Companies Team at Baillie Gifford. He joined the firm in 2015 and worked on our Emerging Markets and UK Equity Teams before moving to Long Term Global Growth. There he focused on finding stocks for a set of highly concentrated long-term international growth portfolios. He also began working on private companies, in the context of both private funding rounds and existing holdings approaching IPO.
In 2018 he moved to our Private Companies Team to work full-time on identifying high growth late-stage private companies. He has led research on private companies including Tanium, Niantic, Sana, Flixbus and Away, as well as doing follow-up work on pre-existing portfolio holdings. He is working to develop a best-in-class research culture and company support strategy on the team.
Rob graduated BA (Hons) in Philosophy, Politics and Economics from the University of Oxford in 2014.
How to Buy
Further information on the funds can be found in the relevant Key Investor Information and Prospectus Documents, which are available in English and will be sent to you free of charge on request.
You can invest in our funds via a number of fund platforms. Information on the range of funds available through platforms can be obtained from platforms@bailliegifford.com
Documents
You can access any literature about the Fund here, either by downloading or requesting a copy by post (where available).
To download any document you will need Adobe Reader. Please note that we can now provide you with Braille and audio transcriptions of our literature on request. It may take up to 10 days for the transcription to be completed dependent on the size of the document.
Annual reports
Corporate governance
Factsheets
Interim reports
Investor disclosure document
Other fund literature
Portfolio valuation
Portfolio voting disclosure
RNS announcements
Sustainability-related disclosures and climate reports
PRIIPs key information document
Risks
The value of shares in the Company, and any income from them, can fall as well as rise and investors may not get back the amount invested. The specific risks associated with the Company include:
Private Companies
The Company invests in private companies. These assets may be more difficult to sell, so changes in their prices may be greater.
Liquidity
Market values for investments which have become difficult to trade may not be readily available and there can be no assurance that any value assigned to such investments will accurately reflect the price the Company might receive upon their sale.
Overseas Investment
The Company invests in overseas businesses. Changes in the rates of exchange may also cause the value of your investment (and any income it may pay) to go down or up.
Emerging Markets
The Company invests in emerging markets where difficulties in dealing, settlement and custody could arise, resulting in a negative impact on the value of your investment.
Concentration
The Company’s risk is increased as it holds fewer investments than a typical investment trust or fund and the effect of this, together with its long term approach to investment, could result in large movements in the share price.
Discount or premium
Share prices may either be below (at a discount) or above (at a premium) the net asset value (NAV). The Trust Company may issue new shares when the price is at a premium which will reduce the share price. Shares bought at a premium can therefore quickly lose value.
Tax Rates
You should note that tax rates and reliefs may change at any time and their value depends on your circumstances.
Regulation
The Company is listed on the Specialist Fund Segment of the Main Market of the London Stock Exchange and is not authorised or regulated by the Financial Conduct Authority.
Information subject to change
The information and opinions expressed within this website are subject to change without notice.
Not Investment Advice
This information has been issued and approved by Baillie Gifford & Co Limited and does not in any way constitute investment advice.
MSCI Disclaimer
Source: MSCI. The MSCI information may only be used for your internal use, may not be reproduced or disseminated in any form and may not be used as a basis for or a component of any financial instruments or products or indices. None of the MSCI information is intended to constitute investment advice or a recommendation to make (or refrain from making) any kind of investment decision and may not be relied on as such. Historical data and analysis should not be taken as an indication or guarantee of any future performance analysis, forecast or prediction. The MSCI information is provided on an “as is” basis and the user of this information assumes the entire risk of any use made of this information. MSCI, each of its affiliates and each other person involved in or related to compiling, computing or creating any MSCI information (collectively, the “MSCI Parties”) expressly disclaims all warranties (including, without limitation, any warranties of originality, accuracy, completeness, timeliness, non-infringement, merchantability and fitness for a particular purpose) with respect to this information. Without limiting any of the foregoing, in no event shall any MSCI Party have any liability for any direct, indirect, special, incidental, punitive, consequential (including, without limitation, lost profits) or any other damages. (www.msci.com)
