Baillie Gifford
Private companies have become an increasingly fertile hunting ground for the managers as businesses opt to stay private for longer
There ’ s also a virtuous circle where one founder will vouch for the trust ’ s reputation to other founders . Such exclusive access to entrepreneurs matters more with private companies : unlike public ones , they can choose their investors . Private companies have become a fertile hunting ground for the managers as businesses stay private for longer . The trust had 21.3 per cent of its assets in private companies at the end of 2021 , out of a maximum of 30 per cent . TikTok owner ByteDance and aerospace developer SpaceX are among its 49 private holdings .
“ In the private space , the access and the advantage we have is not just about talking and understanding , but it ’ s also access to the opportunity in the first place ,” Burns said . It is from these company networks combined with academic networks that the management team of Burns , James Anderson and Tom Slater glean their insights . Such insights drive their thinking , shape their ideas and inform where they do their research . “ If we want to do the best possible job for Scottish Mortgage shareholders , only a fraction of the insight is naturally going to be
Issue 83 - April 2022 / 21 /