Investment Trusts

Schiehallion Fund Limited

MNTN:LSE

Schiehallion Fund Limited

  • Price (USD)0.99
  • Today's Change0.00 / 0.00%
  • Shares traded279.24k
  • 1 Year change62.30%
  • Beta0.6375
Data delayed at least 20 minutes, as of Jul 04 2024 14:00 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
SDCL Energy Efficiency Income Trust PLC-56.96m-71.74m912.80m0.00912.80m0.00
European Smaller Companies Trust PLC116.82m100.25m915.25m0.00915.25m0.00
Syncona Ltd39.18m4.83m921.56m0.00921.56m0.00
VinaCapital Vietnam Opportunity Fund Ltd200.89m159.97m958.59m0.00958.59m0.00
Temple Bar Investment Trust PLC121.18m110.63m967.45m0.00967.45m0.00
Apax Global Alpha Ltd75.48m57.69m976.01m0.00976.01m0.00
JPMorgan Japanese Investment Trust PLC180.43m169.28m995.02m0.00995.02m0.00
TwentyFour Income Fund Ltd164.97m154.33m1.00bn0.001.00bn0.00
Global Smaller Companies Trust PLC96.80m86.12m1.00bn0.001.00bn0.00
Schiehallion Fund Ltd78.05m67.81m1.02bn0.001.02bn0.00
Schroder AsiaPacific Fund plc16.31m-1.37m1.02bn0.001.02bn0.00
NB Private Equity Partners Ltd65.45m27.07m1.03bn--1.03bn--
ICG Enterprise Trust PLC55.35m22.13m1.04bn0.001.04bn0.00
Biopharma Credit PLC135.73m108.45m1.06bn11.001.06bn11.00
Patria Private Equity Trust PLC89.03m62.27m1.07bn0.001.07bn0.00
Merchants Trust plc-24.99m-38.54m1.08bn0.001.08bn0.00
Data as of Jul 04 2024. Currency figures normalised to Schiehallion Fund Limited's reporting currency: US Dollar USD

Institutional shareholders

36.76%Per cent of shares held by top holders
HolderShares% Held
State Board of Administration of Florida Retirement Systemas of 30 Jun 2023190.90m18.57%
Baillie Gifford & Co.as of 30 Apr 2024101.54m9.88%
Columbia Threadneedle Asset Managers Ltd.as of 30 Apr 202429.05m2.83%
BlackRock Investment Management (UK) Ltd.as of 31 May 202426.30m2.56%
Sarasin & Partners LLPas of 31 May 202413.88m1.35%
abrdn Investment Management Ltd.as of 31 May 20246.93m0.68%
Equilibrium Investment Management LLPas of 31 May 20243.76m0.37%
Valu-Trac Investment Management Ltd.as of 31 May 20242.29m0.22%
JPMorgan Asset Management (UK) Ltd.as of 31 May 20241.64m0.16%
Jupiter Asset Management Ltd.as of 29 Feb 20241.64m0.16%
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Data from 31 Mar 2024 - 31 May 2024Source: FactSet Research Systems Inc.
Data Provided by LSEG
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