- UK
Intermediaries
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 - 28/02/2025
Fund % 1 Space Exploration Technologies 9.5% 2 Bending Spoons 8.2% 3 ByteDance Ltd. 6.3% 4 Affirm 6.1% 5 Wise 5.5% 6 Tempus AI Inc 3.3% 7 Stripe 2.9% 8 Databricks 2.9% 9 Wayve 2.7% 10 Daily Hunt 2.5% Total 50.0% Insights
Meet the Managers
Peter Singlehurst
Peter is the head of Private Companies. He joined the firm in 2010 and became a partner in May 2022. He is also manager of the Schiehallion Fund, our first dedicated private companies fund. Prior to joining the team, he spent time working in our Credit, UK Equities and Global Discovery teams. He moved to our Long Term Global Growth Team in 2014, becoming the first investment manager at Baillie Gifford to work exclusively on private company research.
Robert Natzler
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 Company's shares are admitted to trading on the Specialist Fund Segment of the London Stock Exchange. The value of its shares, 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 Trust include:
Private companies
Private Company assets may be more difficult to buy or sell, so changes in their prices may be greater. There is no guarantee that private companies will become publicly traded companies in the future.
Liquidity
Investments that are subject to low trading volume, lack of a market maker, or regulatory restrictions may not be possible to sell at a particular time or at an acceptable price. Large positions held in securities of particular issues may decrease the liquidity of any investments.
Concentration
Risk is increased by holding fewer investments than a typical fund and the effect of this, together with a long-term approach to investment, could result in large movements in the share price.
Premium risk
The price of the Company’s shares may be highly volatile and at a discount to the Company’s net asset value per share. Shareholdings in the Company are likely to be illiquid.
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)
