1. Overview

    The Schiehallion Fund Limited seeks to generate capital growth for investors through 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.

    Portfolio

    Holdings - 31/08/2021

    Fund %
    1 Affirm 10.2%
    2 TransferWise 7.4%
    3 ByteDance 7.1%
    4 Stripe 6.0%
    5 Space Exploration Technologies 5.0%
    6 Warby Parker (JAND) 5.0%
    7 USD Uncommitted Cash 4.8%
    8 Scopely 4.8%
    9 Daily Hunt 3.7%
    10 Tempus Labs Inc 3.6%
    Total 57.6%

    Meet the Managers

    Peter Singlehurst - Manager

    Peter is Head of the Private Companies Team at Baillie Gifford and manager of the Schiehallion Fund. He joined the firm in 2010 and initially spent time working in our Credit and UK Equity Teams, before moving to our Global Discovery Team, which focuses on identifying innovative and rapidly growing smaller companies around the world. He 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, which is focussed on identifying high growth, late-stage private companies. In parallel to company research, Peter has worked to build out Baillie Gifford’s internal infrastructure for investing in private companies and developed new fund structures, with an emphasis on long term alignment and low cost, to allow clients to access the universe of high growth private companies. Peter graduated with a BA in Philosophy, Politics and Economics in 2008, and a MA in Philosophy in 2009 from Durham University.

    Mark Urquhart - Deputy Manager

    Mark is an Investment Manager in our Long Term Global Growth Team, a strategy which he co-founded in 2003, and deputy manager of the Schiehallion Fund. He is also an investment manager on the China A-share Team. Mark joined Baillie Gifford in 1996, initially working as an Investment Analyst and Manager in the US, UK and Japanese Equities teams. He became a Partner in 2004. Mark graduated BA in Philosophy, Politics and Economics from the University of Oxford in 1992 and spent a year at Harvard as a Kennedy Scholar in 1993 before completing a PhD in Politics at the University of Edinburgh in 1996.

    Robert Natzler - Deputy Manager

    Robert is a deputy manager of the Schiehallion Fund and a member of the Private Companies Team at Baillie Gifford. He joined the firm in 2015 and worked on our Emerging Markets and UK Equity Teams before moving to Long Term Global Growth. There he focused on finding stocks for a set of highly concentrated long-term international growth portfolios. He also began working on private companies, in the context of both private funding rounds and existing holdings approaching IPO. In 2018 he moved to our Private Companies Team to work full-time on identifying high growth late-stage private companies. He is working to develop a best-in-class research culture and company support strategy on the team. Robert graduated with a BA (Hons) in Philosophy, Politics and Economics from the University of Oxford in 2014.