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Information about this email and Baillie Gifford

Baillie Gifford & Co (the firm being more commonly referred to as simply "Baillie Gifford") (authorised and regulated by the Financial Conduct Authority, Financial Services Register Number 142597 and representative member of UK VAT Group Registration Number 333 4026 38) along with its associated companies, is an international organisation concentrating on investment management. A list of the names of the partners of Baillie Gifford is open to inspection at their principal place of business, 3 Haymarket Square, Edinburgh, EH3 8RY, Scotland, United Kingdom.

Baillie Gifford offers a wide range of financial investment products and services and we welcome enquiries. To find out more, please telephone 275-2000 (in the UK with the prefix 0131 and outwith the UK with the prefix 44 131). Please note that telephone conversations may be recorded. Alternatively, find out more by going to our website. Specific information on contacting us is given here

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Company Names and Registered Numbers

The following subsidiary undertakings of Baillie Gifford (all authorised and regulated by the Financial Conduct Authority) are registered in Scotland, having their Registered Office at the Haymarket address given above:

Baillie Gifford & Co Limited (SC069524, Financial Services Register Number 119179 and a member of UK VAT Group Registration Number 333 4026 38).

Baillie Gifford OEICS and Canadian collective investment funds are managed by Baillie Gifford & Co Limited, which is wholly owned by Baillie Gifford & Co. Baillie Gifford & Co Limited is registered in Canada as a portfolio manager in Ontario. Baillie Gifford & Co Limited is also the manager and secretary to the investment trusts featured on this website. Investment trusts are UK public companies and are not authorised and regulated by the Financial Conduct Authority.

Baillie Gifford Overseas Limited (SC084807, Financial Services Register Number 121818 and a member of UK VAT Group Registration Number 333 4026 38).

Baillie Gifford Overseas Limited provides investment management and advisory services primarily to non-UK clients. Baillie Gifford Overseas Limited is wholly owned by Baillie Gifford & Co. Baillie Gifford Overseas Limited is registered with the Securities & Exchange Commission in the United States of America. It is registered with the Ontario Securities Commission in Canada and the Financial Sector Conduct Authority in South Africa. Baillie Gifford Overseas Limited is also licensed with the Financial Services Commission in South Korea as a cross border Discretionary Investment Manager and Non-Discretionary Investment Adviser. Baillie Gifford Overseas Limited (ARBN 118 567 178) is registered as a foreign company under the Corporations Act 2001 (Cth) of the Commonwealth of Australia and holds a foreign Australian Financial Services Licence (Licence No 528911) pursuant to section 913B of the Corporations Act 2001, which covers the provision of financial services to wholesale clients in Australia. Baillie Gifford Overseas Limited, as a foreign related corporation of Baillie Gifford Asia (Singapore) Private Limited, has entered into a cross-border business arrangement with Baillie Gifford Asia (Singapore) Private Limited, and relies upon the exemption under regulation 4 of the Securities and Futures (Exemption for Cross-Border Arrangements) (Foreign Related Corporations) Regulations 2021 enabling both Baillie Gifford Overseas Limited and Baillie Gifford Asia (Singapore) Private Limited to market the full range of segregated mandate services to institutional investors and accredited investors in Singapore. Baillie Gifford Overseas Limited has a registered branch office in New York and is registered with New York State (Department of State ID: 5700962) and with the State of California (Entity Number C4554410) for the purposes of supporting business in the United States of America. Baillie Gifford Overseas Limited is registered with the Register of Legal Entities and the Register of Business Enterprises in Norway (ID No: 930 062 979) as a Norwegian-registered foreign enterprise which conducts investment analysis and other business services.

The following associated companies of Baillie Gifford (all authorised and regulated by the Financial Conduct Authority) are registered in Scotland, having their Registered Office at the Haymarket address given above:

Mitsubishi UFJ Baillie Gifford Asset Management Limited (SC122044, Financial Services Register Number 145243 and VAT Registration Number 553 5239 41).
Joint venture between Baillie Gifford Overseas Limited and Mitsubishi UFJ Trust and Banking Corporation.

The following subsidiaries of Baillie Gifford are registered and incorporated in Scotland, having their Registered Office at the Haymarket address given above:

Baillie Gifford Services Limited (SC593878 and a member of UK VAT Group Registration Number 333 4026 38).

Baillie Gifford Services Limited is wholly owned by Baillie Gifford & Co. It provides resource to Baillie Gifford group entities and is the legal entity through which Baillie Gifford & Co provides administrative services outside of the UK. Baillie Gifford Services Limited is registered with the Register of Legal Entities and the Register of Business Enterprises in Norway (ID No: 930 047 716) as a Norwegian-registered foreign enterprise which provides resource to the Baillie Gifford group entities.

Baillie Gifford Private Companies LLP (SO307338) is a Scottish limited liability partnership established in August 2021 as a direct subsidiary of Baillie Gifford & Co. and will provide strategic oversight to Baillie Gifford’s Private Companies business.

Baillie Gifford General Partner Limited (SC706252) is a company incorporated in Scotland in August 2021 and registered as a foreign company with the Registers of Companies in the Cayman Islands. It is wholly owned by Baillie Gifford Private Companies LLP and acts as the general partner to Baillie Gifford Private Companies General Partner II LP (the general partner of the Baillie Gifford Private Companies Fund II).

Baillie Gifford Co-Invest (No. 1) GP Limited (SC801122) is a company incorporated in Scotland in February 2024. It is wholly owned by Baillie Gifford Private Companies LLP and acts as the general partner to Baillie Gifford Co-Invest (No. 1) GP LP (the general partner of Baillie Gifford Co-Invest (No. 1) Fund LP.

The following subsidiaries of Baillie Gifford are registered in the Cayman Islands, having their registered office at C/O Maples Corporation Services Limited, Po Box 309, George Town, Cayman Islands, Ky1-1104:

Baillie Gifford Private Companies General Partner II LP is an exempted limited partnership established in the Cayman Islands in September 2021. It acts as the general partner of the Baillie Gifford Private Companies Fund II LP.

Baillie Gifford Co-Invest (No.1) GP LP is an exempted limited partnership established in the Cayman Islands in March 2024. It acts as the general partner of Baillie Gifford Co-Invest (No. 1) Fund LP.

Baillie Gifford Private Companies General Partner III LP is an exempted limited partnership established in the Cayman Islands in March 2025. It acts as the general partner of Baillie Gifford Private Companies Fund III LP.

Baillie Gifford Co-Invest (No.2) GP LP is an exempted limited partnership established in the Cayman Islands in March 2025. It acts as the general partner of Baillie Gifford Co-Invest (No. 2) Fund LP.

Baillie Gifford Co-Invest (No.3) GP LP is an exempted limited partnership established in the Cayman Islands in December 2025.  It acts as the general partner of Baillie Gifford Co-Invest (No. 3) Fund LP.

Baillie Gifford Co-Invest (No.4) GP LP is an exempted limited partnership established in the Cayman Islands in December 2025.  It acts as the general partner of Baillie Gifford Co-Invest (No. 4) Fund LP.

Baillie Gifford Co-Invest (No.5) GP LP is an exempted limited partnership established in the Cayman Islands in January 2026.  It acts as the general partner of Baillie Gifford Co-Invest (No. 5) Fund LP.

Baillie Gifford Fund II Opportunity (No.1) GP LP is an exempted limited partnership established in the Cayman Islands in January 2026.  It acts as the general partner of Baillie Gifford Fund II Opportunity (No. 1) Fund LP.

Baillie Gifford Private Companies Leaders Fund I General Partner L.P. is an exempted limited partnership established in the Cayman Islands in January 2026. It acts as the general partner of Baillie Gifford Private Companies Leaders Fund I L.P.

Baillie Gifford Co-Invest (No. 8) GP LP is an exempted limited partnership established in the Cayman Islands in January 2026. It acts as the general partner of Baillie Gifford Co-Invest (No. 8) Fund LP.

Baillie Gifford Co-Invest (No. 9) GP LP is an exempted limited partnership established in the Cayman Islands in January 2026. It acts as the general partner of Baillie Gifford Co-Invest (No. 9) Fund LP.

The following subsidiary companies of Baillie Gifford are incorporated as limited liability companies in Delaware, having their registered office at C/O The Corporation Trust Company, Corporation Trust Center, 1209 Orange Street, Wilmington, DE 19801: 

Baillie Gifford Co-Invest (No. 1) GP LLC is wholly owned by Baillie Gifford Private Companies LLP. Baillie Gifford Co-Invest (No. 1) GP LLC acts as the general partner to Baillie Gifford Co-Invest (No. 1) GP LP (the general partner of Baillie Gifford Co-Invest (No. 1) Fund LP).

Baillie Gifford Co-Invest (No. 2) GP LLC is wholly owned by Baillie Gifford Private Companies LLP. Baillie Gifford Co-Invest (No. 2) GP LLC acts as the general partner to Baillie Gifford Co-Invest (No. 2) GP LP (the general partner of Baillie Gifford Co-Invest (No. 2) Fund LP).

Baillie Gifford Co-Invest (No. 3) GP LLC is wholly owned by Baillie Gifford Private Companies LLP. Baillie Gifford Co-Invest (No. 3) GP LLC acts as the general partner to Baillie Gifford Co-Invest (No. 3) GP LP (the general partner of Baillie Gifford Co-Invest (No. 3) Fund LP).

Baillie Gifford Co-Invest (No. 4) GP LLC is wholly owned by Baillie Gifford Private Companies LLP. Baillie Gifford Co-Invest (No. 4) GP LLC acts as the general partner to Baillie Gifford Co-Invest (No. 4) GP LP (the general partner of Baillie Gifford Co-Invest (No. 4) Fund LP).

Baillie Gifford Co-Invest (No. 5) GP LLC is wholly owned by Baillie Gifford Private Companies LLP. Baillie Gifford Co-Invest (No. 5) GP LLC acts as the general partner to Baillie Gifford Co-Invest (No. 5) GP LP (the general partner of Baillie Gifford Co-Invest (No. 5) Fund LP).

Baillie Gifford Co-Invest (No. 8) GP LLC is wholly owned by Baillie Gifford Private Companies LLP. Baillie Gifford Co-Invest (No. 8) GP LLC acts as the general partner to Baillie Gifford Co-Invest (No. 8) GP LP (the general partner of Baillie Gifford Co-Invest (No. 8) Fund LP).

Baillie Gifford Co-Invest (No. 9) GP LLC is wholly owned by Baillie Gifford Private Companies LLP. Baillie Gifford Co-Invest (No. 9) GP LLC acts as the general partner to Baillie Gifford Co-Invest (No. 9) GP LP (the general partner of Baillie Gifford Co-Invest (No. 9) Fund LP).

Baillie Gifford Fund II Opportunity (No. 1) GP LLC is wholly owned by Baillie Gifford Private Companies LLP. Baillie Gifford Fund II Opportunity (No. 1) GP LLC acts as the general partner to Baillie Gifford Fund II Opportunity (No. 1) GP LP (the general partner of Baillie Gifford Fund II Opportunity (No. 1) Fund LP).

Baillie Gifford Private Companies Leaders Fund I General Partner LLC is wholly owned by Baillie Gifford Private Companies LLP. Baillie Gifford Private Companies Leaders Fund I General Partner LLC acts as the general partner to Baillie Gifford Private Companies Leaders Fund I General Partner L.P. (the general partner of Baillie Gifford Private Companies Leaders Fund I L.P).

Baillie Gifford General Partner Fund II LLC is wholly owned by Baillie Gifford Private Companies LLP. Baillie Gifford General Partner Fund II LLC acts as the general partner to Baillie Gifford Private Companies General Partner II LP (the general partner of Baillie Gifford Private Companies Fund II LP).

Baillie Gifford General Partner Fund III LLC is wholly owned by Baillie Gifford Private Companies LLP. Baillie Gifford General Partner Fund III LLC acts as the general partner to Baillie Gifford Private Companies General Partner III LP (the general partner of Baillie Gifford Private Companies Fund III LP).

The following subsidiary of Baillie Gifford is a company organised and existing under the laws of Luxembourg and having its registered office at 44 Avenue de la Gare, L-1610 Luxembourg, Grand Duchy of Luxembourg:

Baillie Gifford Co-Invest (No. 1) GP LLC is wholly owned by Baillie Gifford Private Companies LLP. 

Baillie Gifford Private Companies General Partner III (Lux) S.à r.l.C, is wholly owned by Baillie Gifford Private Companies LLP. Baillie Gifford Private Companies General Partner III (Lux) S.à r.l., acts as the general partner to Baillie Gifford Private Companies Fund III SCSp.

The following subsidiary undertaking of Baillie Gifford is registered and incorporated in Ireland, having its Registered Office at 4/5 School House Lane East, Dublin 2, D02 N279, Ireland:

Baillie Gifford Investment Management (Europe) Limited (625892 and Irish VAT Registration Number: 3583100NH)

Baillie Gifford Investment Management (Europe) Limited (“BGE”) is a wholly owned subsidiary of Baillie Gifford Overseas Limited. Incorporated in Ireland under the Companies Act 2014 (Company No. 625892), BGE is authorised and regulated by the Central Bank of Ireland (“CBI”) as both a UCITS management company and an Alternative Investment Fund Manager (AIFM). Its registered office is 4/5 School House Lane East, Dublin 2, D02 N279, Ireland. From our Dublin headquarters, BGE provides investment management and advisory services to clients across Europe, passporting its services throughout the EEA. To support clients locally, BGE has established:

  • Germany: Frankfurt Branch (HRB 114828), operating since May 2019, jointly supervised by the CBI and BaFin (ID 155764).
  • Switzerland: Representative office in Zurich for client servicing and marketing under Art. 58 of the Federal Act on Financial Institutions.
  • Netherlands: Amsterdam Branch (CCI 81664869), registered in December 2020 and active since June 2021, providing client service and marketing for discretionary investment management services and locally registered funds. BGE is also an Appointed Representative of Baillie Gifford Overseas Limited (FRN 830612).

The following investment trusts associated with Baillie Gifford are registered in Scotland, having their Registered Office at the Haymarket address given above:

Scottish Mortgage Investment Trust PLC (SC007058 and VAT Registration Number 345 2013 93)
The Scottish American Investment Company P.L.C. (SC000489 and VAT Registration Number 270 1297 75)
The Baillie Gifford Japan Trust PLC (SC075954 and VAT Registration Number 356 1564 48)
Baillie Gifford Shin Nippon PLC (SC093345 and VAT Registration Number 429 3087 41)
Edinburgh Worldwide Investment Trust plc (SC184775 and VAT Registration Number 717 3679 11)

The following Investment Company associated with Baillie Gifford is domiciled registered in Guernsey, having its registered office at North Suite, First Floor, Regency Court, Glategny Esplanade, St. Peter Port, Guernsey, GY1 1WW:

The Schiehallion Fund Limited (65915)

The following investment trusts associated with Baillie Gifford are registered in England, having their Registered Office at Computershare Investor Services PLC, Moor House, 120 London Wall, London, EC2Y 5ET:

Pacific Horizon Investment Trust PLC (02342193 and VAT Registration Number 593 1277 25)
The Monks Investment Trust PLC (00236964 and VAT Registration Number 345 2014 91)

The following investment trusts associated with Baillie Gifford are registered in England, having their Registered Office at Baillie Gifford & Co, 3 St. Helen’s Place, London, EC3A 6AB:

Baillie Gifford US Growth Trust plc (11194060 and VAT Registration Number 302 6955 12)
Baillie Gifford UK Growth Trust plc (02894077)
Baillie Gifford European Growth Trust plc (01055384 and VAT Registration Number 447185334)
Baillie Gifford China Growth Trust plc (00091798 and VAT Registration Number 397083906)

The following open-ended investment companies associated with Baillie Gifford have their Head Office at the Haymarket address given above:

Baillie Gifford UK & Balanced Funds ICVC (registered in Scotland under number SI000008 with Financial Services Register Number 188428 and VAT Registration Number 742 9718 06);
Baillie Gifford Overseas Growth Funds ICVC (registered in Scotland under number SI000010 with Financial Services Register Number 188866 and VAT Registration Number 735 0170 62);
Baillie Gifford Bond Funds ICVC (registered in Great Britain under number IC000402 with Financial Services Register Number 433724 and VAT Registration Number 870 5983 87);
Baillie Gifford Investment Funds ICVC (registered in Great Britain under number IC000719 with Financial Services Register Number 488901 and VAT Registration Number 946 5216 10).
Baillie Gifford Life Limited (SC182496) (registered in Scotland and having its registered office at Atria One, 144 Morrison Street, Edinburgh, EH3 8EX)
Baillie Gifford Life Limited is wholly owned by Baillie Gifford & Co. The Company previously issued trustee investment policies to UK pension funds but ceased undertaking any insurance business on 27 April 2018 and is no longer authorised to undertake any regulated activity. The Company entered into a members’ voluntary liquidation on 28 January 2019.

The following open-ended investment companies associated with Baillie Gifford have their Head Office at Baillie Gifford & Co, 3 St. Helen’s Place, London, EC3A 6AB:

Baillie Gifford Investment Funds II ICVC (registered in England and Wales under number IC001040 with Financial Services Register Number 684920 and VAT Registration Number 247 0114 38).

The following subsidiary companies of Baillie Gifford Overseas Limited are registered and incorporated in Delaware, United States of America, having their Registered Office at c/o Corporation Service Company, 251 Little Falls Drive, Wilmington, Delaware 19808 and correspondence address at Calton Square, 1 Greenside Row, Edinburgh, EH1 3AN:

Baillie Gifford International LLC (Established in the UK with Establishment Registered Number FC030136) provides investment advisory and marketing and client servicing services in the United States. Baillie Gifford International LLC is the legal entity through which Baillie Gifford Overseas Limited provides client service and marketing functions in North America.

Baillie Gifford Funds Services LLC (Established in the UK with Establishment Registered Number FC031788) is responsible for the distribution of securities in the United States of America. Baillie Gifford Funds Services LLC is an Appointed Representative of Baillie Gifford Overseas Limited (FRN 658926). The following subsidiary company of Baillie Gifford Overseas Limited is registered and incorporated in Hong Kong, having its Registered Office at Suites 2713-2715, Two International Finance Centre, 8 Finance Street, Central, Hong Kong:

Baillie Gifford Asia (Hong Kong) Limited 柏基亞洲(香港)有限公司 (Established in the UK with Establishment Registered Number FC032587) provides distribution services and marketing and client servicing support in and from Hong Kong.

The following subsidiary company of Baillie Gifford Overseas Limited is registered and incorporated in Shanghai, in the People’s Republic of China, having its registered office at Unit 4203-04, One Museum Place, 669 Xin Zha Road, Jing An District, Shanghai 200041, China:

Baillie Gifford Overseas Investment Fund Management (Shanghai) Limited 柏基海外投资基金管理(上海)有限公司is registered with the Shanghai Municipal Administration for Market Regulation as a limited liability company (wholly owned by a foreign-owned company), with a unified social credit code of 91310000MA1FL7JFXQ. Baillie Gifford Overseas Investment Fund Management (Shanghai) Limited柏基海外投资基金管理(上海)有限公司is a registered Private Fund Manager with the Asset Management Association of China with a registration code of P1071708. Baillie Gifford Overseas Investment Fund Management (Shanghai) Limited柏基海外投资基金管理(上海)有限公司has been approved by Shanghai Municipal Financial Regulatory Bureau for the Qualified Domestic Limited Partners (QDLP) Pilot Program, under which it may manage QDLP funds and raise funds from PRC investors for making overseas investments through offshore funds. Baillie Gifford Overseas Investment Fund Management (Shanghai) Limited柏基海外投资基金管理(上海)有限公司 may provide investment research to the Baillie Gifford Group pursuant to applicable laws.

The following subsidiary company of Baillie Gifford Overseas Limited is registered and incorporated in Singapore, having its registered office at 77 Robinson Road, #13-00, Robinson 77, Singapore 068896:

Baillie Gifford Asia (Singapore) Private Limited is wholly owned by Baillie Gifford Overseas Limited and is currently non-operational. Baillie Gifford Asia (Singapore) Private Limited is incorporated in Singapore as a private company limited by shares under the Companies Act 1967, and registered in Singapore with the Accounting and Corporate Regulatory Authority (ACRA) under registration number (UEN) 202320216D. Baillie Gifford Asia (Singapore) Private Limited is regulated by the Monetary Authority of Singapore as a holder of a capital markets services licence (CMS10172) to conduct fund management activities for institutional and accredited investors in Singapore. The business office is at IOI Central Boulevard Towers, Level 40, #40-21, 2 Central Boulevard, Singapore 018916.

External Independent Websites

Where relevant to the entities listed above, further information is available from:

Companies House - http://www.companieshouse.gov.uk/
Financial Services Register - http://www.fca.org.uk/firms/systems-reporting/register


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Index Data

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MSCI
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JP Morgan
Information has been obtained from sources believed to be reliable but J.P. Morgan does not warrant its completeness or accuracy. The Index is used with permission. The Index may not be copied, used, or distributed without J.P. Morgan’s prior written approval. Copyright 2025, J.P. Morgan Chase & Co. All rights reserved.”

TOPIX
The TOPIX Index Value and the TOPIX Marks are subject to the proprietary rights owned by JPX Market Innovation & Research, Inc. or affiliates of JPX Market Innovation & Research, Inc. (hereinafter collectively referred to as "JPX") and JPX owns all rights and know-how relating to TOPIX such as calculation, publication and use of the TOPIX Index Value and relating to the TOPIX Marks. JPX shall not be liable for the miscalculation, incorrect publication, delayed or interrupted publication of the TOPIX Index Value.

ICE Data Indices
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ICE Data Services
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MSCI Solutions
Source: MSCI. Certain information contained herein (the “Information”) is sourced from/copyright of MSCI Inc., MSCI Solutions LLC, or their affiliates (“MSCI”), or information providers (together the “MSCI Parties”) and may have been used to calculate scores, signals, or other indicators. The Information is for internal use only and may not be reproduced or disseminated in whole or part without prior written permission. The Information may not be used for, nor does it constitute, an offer to buy or sell, or a promotion or recommendation of, any security, financial instrument or product, trading strategy, or index, nor should it be taken as an indication or guarantee of any future performance. Some funds may be based on or linked to MSCI indexes, and MSCI may be compensated based on the fund’s assets under management or other measures. MSCI has established an information barrier between index research and certain Information. None of the Information in and of itself can be used to determine which securities to buy or sell or when to buy or sell them. For regulatory disclosures mandated under the EU ESG Rating Activities Regulation (Regulation (EU) 2024/3005), please visit www.msci.com/legal/sustainability-and-climate-resources-and-disclosures for methodology and organizational disclosures and https://one.msci.com for rating level disclosures. The Information is provided “as is” and the user assumes the entire risk of any use it may make or permit to be made of the Information. No MSCI Party warrants or guarantees the originality, accuracy and/or completeness of the Information and each expressly disclaims all express or implied warranties. No MSCI Party shall have any liability for any errors or omissions in connection with any Information herein, or any liability for any direct, indirect, special, punitive, consequential or any other damages (including lost profits) even if notified of the possibility of such damages.

SIX Financials 
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LPX AG
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Financial instruments based on the index are in no way sponsored, endorsed, sold or promoted by LPX AG and/or its licensors and neither LPX AG nor its licensors shall have any liability with respect thereto.

UBS AG
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MSCI Barra
Barra, LLC’s analytics and data (www.msci.com) were used in the preparation of this report. Copyright 2025 BARRA, LLC. All Rights Reserved. Barra reserves the right to restrict the Client’s publication or distribution of such research and reports to other entities if, in Barra's judgment, Barra or any of its Vendors may be foregoing the opportunity for direct revenues from those entities.