Schiehallion Fund Limited (MNTN) ORD NPV

The Schiehallion Fund Limited is a Guernsey-based closed-ended investment company. The Company’s investment objective is to generate capital growth for investors through making 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. The Company seeks to invest in private businesses, which have the potential to become admitted to trading on a public stock exchange. The investments would typically take the form of equity and equity-related instruments, which include, without limitation, preference shares, convertible debt instruments, equity-related and equity-linked notes, and warrants. It invests in sectors such as information technology, industrials, financials, consumer discretionary, communication services, healthcare, consumer staples, materials, and real estate. Baillie Gifford & Co Limited is the investment manager of the Company.

To generate capital growth for investors through making 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. Those investments will typically take the form of equity or equity-related instruments (which may include, without limitation, preference shares, convertible debt instruments, equity-related and equity-linked notes and warrants) issued by Investee Companies.

• Ongoing charge0.92%
• Annual management charge -
• Performance feeNo

The Manager will be entitled to a fee payable quarterly in arrears a on the NAV up to and including USD 650m, at a rate of 0.9% b exceeding USD 650m up to and including USD 1.3bn, at a rate of 0.8% and c exceeding USD 1.3bn, at a rate of 0.7%. No performance fee. The Agreement may be terminated on the notice of six months.