Investment Trusts
The Schiehallion Fund is a Baillie Gifford-managed investment company focused on later-stage private growth businesses. It gives listed-market investors access to companies that may remain private for many years before an eventual flotation or sale.
Investment in private growth companies, follow-on funding, selective secondary transactions and continued ownership of successful portfolio companies after they become publicly listed.
Global private growth markets, especially technology, internet, consumer and other rapidly expanding businesses in North America, Europe and Asia.
Portfolio-company revenue growth, private funding valuations, successful IPOs and exits, access to high-quality private opportunities, capital recycling and movements in the share-price discount or premium to NAV.
Private-asset valuation uncertainty, illiquidity, concentration in large holdings, failed or delayed IPOs, technology-sector valuation swings, limited dividend income and a persistent discount to NAV.
July 2026: SpaceX and Bending Spoons had both completed IPOs and Anthropic had confidentially filed for a flotation. As a result, publicly traded holdings rose to about 40% of the portfolio, creating future opportunities to recycle capital into new private investments.
The fund is managed for long-term capital growth and does not operate a regular dividend programme. There is no routine 2026 dividend or ex-dividend date.
The complete 350 Trade Book — 350 leading UK-listed companies, presented in one consistent working reference.