Baillie Gifford

Fund: The Schiehallion Fund

Why is the Fund a Fund to Watch?:

• A proven growth investor in private markets: Schiehallion is built on Baillie Gifford’s long-standing success in backing high-growth businesses and deep private markets expertise. Since 2012, we have invested over $10bn across more than 160 private growth companies, giving the fund access to experience, networks and judgement developed over more than a decade.

• Access to global private leaders: The fund provides access to some of the world’s most exceptional private companies – and asset class in which it is ordinarily hard to invest. Schiehallion holds six of the world’s ten most valuable private growth businesses, alongside fast-growing companies emerging beyond the traditional venture capital ecosystem.

• IPO momentum creating opportunity: Four holdings in the portfolio have listed in the past two years, and several of the fund’s largest positions are approaching public-market maturity. Potential listings over the next 12–24 months could support performance momentum while generating liquidity to reinvest in the next generation of exceptional private companies.

Speaker:

Peter Singlehurst, Investment Manager, Partner

Peter joined Baillie Gifford in September 2010 and is an Investment Manager and Head of the Private Companies Team. Prior to joining the Private Companies Team, Peter spent time working in our Credit and UK Equity Teams, before moving to our Global Discovery Team. He then 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. He became a partner in 2022. Peter graduated BA in Philosophy, Politics and Economics in 2008 and MA in Philosophy in 2009, both from the University of Durham.

Presentation Synopsis:

Navigating the $6 trillion private growth opportunity

Many of the world’s most innovative and disruptive businesses are staying private for longer – keeping a larger share of their growth journey outside of the public markets. As a result, large, fast-growing companies that have become household names: SpaceX, Anthropic, Stripe, to name a few, are out of direct reach of public market investors. Instead, a new asset class has emerged – private growth equity. Companies with a proven product, with the prospect of accelerated growth and progress towards profitability. Peter Singlehurst, manager of the Schiehallion Fund, will offer insights into navigating – and accessing – this new investment environment.

Sales Attendees:

Scott Mackenzie Client Relationship Director

Scott is a client relationship director of Intermediary Clients within our Clients Departments, responsible for covering London. Prior to joining Baillie Gifford, he had 10 years’ experience in the financial services industry. Scott graduated with a BA in Economics and Politics from the University of Essex in 1998.

Samantha Crawley Client Relationship Manager

Samantha joined Baillie Gifford in 2021 and is a member of the UK Intermediary Team within the Clients Department, with a focus on the South East. Prior to joining Baillie Gifford, Samantha spent eight years predominantly within institutional sales roles across Janus Henderson and Insight Investment. Samantha graduated from the University of Reading in 2013 with a Bachelor of Science degree in Economics and holds both the IMC and CFA Level I.