Investment Trusts

Schiehallion Fund Limited

MNTN:LSE

Schiehallion Fund Limited

  • Price (USD)0.93
  • Today's Change0.025 / 2.76%
  • Shares traded202.22k
  • 1 Year change44.19%
  • Beta0.6791
Data delayed at least 20 minutes, as of Nov 21 2024 16:35 GMT.
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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, consumer discretionary, communication services, healthcare, consumer staples, materials, and real estate. Baillie Gifford & Co Limited is the investment manager of the Company.

  • Revenue in USD (TTM)86.48m
  • Net income in USD76.25m
  • 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
European Smaller Companies Trust PLC123.37m107.41m835.04m0.00835.04m0.00
Asia Dragon Trust PLC-45.86m-59.28m840.01m0.00840.01m0.00
JPMorgan Indian Investment Trust plc180.19m144.61m849.65m0.00849.65m0.00
Apax Global Alpha Ltd17.21m3.65m876.48m0.00876.48m0.00
NB Private Equity Partners Ltd15.88m-22.14m903.14m--903.14m--
Baillie Gifford US Growth Trust PLC122.43m113.72m914.06m5.00914.06m5.00
Schiehallion Fund Ltd86.48m76.25m927.81m0.00927.81m0.00
XPS Pensions Group PLC252.31m68.53m943.67m1.57k943.67m1.57k
Temple Bar Investment Trust PLC208.60m196.95m951.56m0.00951.56m0.00
Global Smaller Companies Trust PLC96.11m85.51m955.58m0.00955.58m0.00
Schroder AsiaPacific Fund plc16.20m-1.36m975.93m0.00975.93m0.00
TwentyFour Income Fund Ltd182.28m172.08m989.65m0.00989.65m0.00
ICG Enterprise Trust PLC74.61m42.27m1.01bn0.001.01bn0.00
Merchants Trust plc151.24m137.66m1.03bn0.001.03bn0.00
Murray Income Trust plc129.86m119.91m1.04bn0.001.04bn0.00
Patria Private Equity Trust PLC88.40m61.82m1.04bn0.001.04bn0.00
Data as of Nov 21 2024. Currency figures normalised to Schiehallion Fund Limited's reporting currency: US Dollar USD

Institutional shareholders

38.05%Per cent of shares held by top holders
HolderShares% Held
State Board of Administration of Florida Retirement Systemas of 30 Jun 2024190.90m18.60%
Baillie Gifford & Co.as of 30 Sep 2024101.54m9.90%
BlackRock Investment Management (UK) Ltd.as of 30 Sep 202441.06m4.00%
Columbia Threadneedle Asset Managers Ltd.as of 31 Jul 202428.89m2.82%
Sarasin & Partners LLPas of 31 Dec 202311.39m1.11%
LGT Wealth Management Ltd.as of 31 Oct 20247.64m0.75%
JPMorgan Asset Management (UK) Ltd.as of 30 Sep 20243.53m0.34%
Valu-Trac Investment Management Ltd.as of 31 Oct 20242.77m0.27%
Jupiter Asset Management Ltd.as of 31 Jul 20241.64m0.16%
Barratt & Cooke Ltd.as of 31 May 20241.05m0.10%
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Data from 31 May 2024 - 31 Oct 2024Source: FactSet Research Systems Inc.
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