SHHFFSchiehallion Fund Limited

Schiehallion is an investment trust that invests in later-stage private businesses through long-term minority growth equity positions. The trust focuses on companies with proven products and significant expansion potential that are choosing to remain private for longer. Its portfolio targets fast-growing private businesses, typically valued above a defined scale and with ambitions to become large standalone enterprises. Schiehallion provides shareholders with listed-market access to this private growth equity universe, while underlying holdings are mainly unlisted. The trust is managed by Baillie Gifford, which sources, evaluates and monitors investments across sectors and geographies within this mandate.