Investment Trusts

Schiehallion Fund Limited

MNTN:LSE

Schiehallion Fund Limited

  • Price (USD)0.935
  • Today's Change0.00 / 0.00%
  • Shares traded151.56k
  • 1 Year change14.72%
  • Beta0.6517
Data delayed at least 20 minutes, as of May 03 2024 15:31 BST.
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Profile data is unavailable for this security.

About the company

The Schiehallion Fund Limited is a Guernsey-based closed-ended investment company. The Company’s investment objective is to generate capital growth for investors through making 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. The Company seeks to invest in private businesses, which have the potential to become admitted to trading on a public stock exchange. The investments would typically take the form of equity and equity-related instruments, which include, without limitation, preference shares, convertible debt instruments, equity-related and equity-linked notes and warrants. It invests in sectors, such as information technology, industrials, financials, communications services, consumer discretionary, healthcare, consumer staples and materials. Baillie Gifford & Co Limited is the investment manager of the Company.

  • Revenue in USD (TTM)78.05m
  • Net income in USD67.81m
  • Incorporated2019
  • Employees0.00
  • Location
    Schiehallion Fund LimitedFirst FloorAlbert House, South EsplanadeSAINT PETER PORT GY1 1AJGuernseyGGY
  • Phone+44 1 481742250
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Profile

Management group(s)Baillie Gifford & Co Limited.
AIC sectorGrowth Capital
ISINGG00BJ0CDD21
Launch date27 Mar 2019
Share typeOrdinary Share
StructureInvestment Trust
Base currencyUSD

Objective

To generate capital growth for investors through making 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. Those investments will typically take the form of equity or equity-related instruments (which may include, without limitation, preference shares, convertible debt instruments, equity-related and equity-linked notes and warrants) issued by Investee Companies.

Managed by

Peter Singlehurst, Robert Natzler

Management & contract fees

The Manager will be entitled to a fee payable quarterly in arrears: (a) on the NAV up to and including USD 650m, at a rate of 0.9%; (b) exceeding USD 650m up to and including USD 1.3bn, at a rate of 0.8%; and (c) exceeding USD 1.3bn, at a rate of 0.7%. No performance fee. The Agreement may be terminated on the notice of six months.

Peer analysis

CompanyRevenue (TTM)Net income (TTM)Market capEmployeesMarket Cap /
Employees
Jpmorgan European Discovery Trust PLC50.86m35.43m856.42m0.00856.42m0.00
JPMorgan Indian Investment Trust plc26.86m3.71m863.65m0.00863.65m0.00
European Smaller Companies Trust PLC115.03m98.71m884.41m0.00884.41m0.00
Apax Global Alpha Ltd75.29m57.54m919.94m0.00919.94m0.00
VinaCapital Vietnam Opportunity Fund Ltd200.90m159.98m921.71m0.00921.71m0.00
Temple Bar Investment Trust PLC119.32m108.93m940.03m0.00940.03m0.00
TwentyFour Income Fund Ltd162.44m151.96m960.79m0.00960.79m0.00
JPMorgan Japanese Investment Trust PLC76.97m66.27m960.97m0.00960.97m0.00
Schiehallion Fund Ltd78.05m67.81m961.58m0.00961.58m0.00
Schroder AsiaPacific Fund plc42.93m27.48m975.69m0.00975.69m0.00
Syncona Ltd-181.25m-207.49m985.83m0.00985.83m0.00
Global Smaller Companies Trust PLC-25.61m-35.62m1.00bn0.001.00bn0.00
ICG Enterprise Trust PLC89.62m57.16m1.01bn0.001.01bn0.00
NB Private Equity Partners Ltd65.45m27.07m1.02bn--1.02bn--
Oakley Capital Investments Ltd71.63m59.58m1.05bn0.001.05bn0.00
Merchants Trust plc-24.60m-37.95m1.06bn0.001.06bn0.00
Data as of May 03 2024. Currency figures normalised to Schiehallion Fund Limited's reporting currency: US Dollar USD

Institutional shareholders

37.17%Per cent of shares held by top holders
HolderShares% Held
State Board of Administration of Florida Retirement Systemas of 30 Jun 2023190.90m18.56%
Baillie Gifford & Co.as of 29 Feb 2024101.54m9.87%
Columbia Threadneedle Asset Managers Ltd.as of 29 Feb 202429.05m2.82%
BlackRock Investment Management (UK) Ltd.as of 31 Mar 202426.30m2.56%
Sarasin & Partners LLPas of 28 Mar 202413.34m1.30%
abrdn Investment Management Ltd.as of 31 Mar 202410.47m1.02%
Equilibrium Investment Management LLPas of 29 Mar 20245.28m0.51%
Valu-Trac Investment Management Ltd.as of 30 Apr 20242.29m0.22%
JPMorgan Asset Management (UK) Ltd.as of 31 Mar 20241.64m0.16%
Jupiter Asset Management Ltd.as of 31 Jan 20241.64m0.16%
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Data from 31 Dec 2023 - 30 Apr 2024Source: FactSet Research Systems Inc.
Data Provided by LSEG
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