London Stock Exchange welcomes the Schiehallion Fund to the Main Market
London Stock Exchange welcomes The Schiehallion Fund Limited’s move of its listing to the Close-Ended Investment Funds (CEIF) segment of the Main Market on 10 December. The Fund provides access to transformational private growth companies in which it is otherwise hard to invest. This is at a time when market structure has changed, with businesses completing more of their growth journey outside public markets.
Launched in 2019, Schiehallion seeks to generate capital growth through long-term minority investments in later stage private businesses. The portfolio is built from some of the largest private growth companies such as Anthropic, SpaceX, Stripe, and Databricks, alongside exceptional European businesses including Italian software developer Bending Spoons and UK-based autonomous driving company Wayve. Today’s move will make this attractive asset class available to a broader set of investors.
“Listing on the Main Market represents an important milestone in broadening access to some of the world’s most innovative private companies. We believe this provides investors with a valuable opportunity to participate in the growth of transformational businesses that are reshaping industries and driving long-term value creation. I am particularly pleased that UK investors can access these sought-after companies right here at the London Stock Exchange.”
Dr Linda Yueh CBE
Chairperson of The Schiehallion Fund Limited
“Private markets are the home of companies creating exceptional products reshaping the world – from satellite internet provision to AI-assisted coding. Our focus is on companies with both a proven product and exponential growth potential. We continue to be excited by the quality of businesses that we are meeting and the opportunity this presents for Schiehallion’s shareholders.”
Peter Singlehurst
Portfolio Manager of The Schiehallion Fund Limited, Head of Private Companies and partner at Baillie Gifford
The Fund benefits from Baillie Gifford’s heritage of growth investing and extensive experience in private growth markets, having invested $10 billion across more than 160 growth companies since 2012.
