Baillie Gifford UK Growth eyes unlisted exposure of up to 10%

Company looks to leverage private business expertise

Mike Sheen
clock • 3 min read
BGUK portfolio manager Iain McCombie
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BGUK portfolio manager Iain McCombie

Baillie Gifford UK Growth trust is seeking approval to allow it to invest up to 10% of its portfolio in unlisted companies, with the management team hoping to capitalise on "a trend for growth private businesses in the UK" of staying private for longer.

The trust, which is managed by Iain McCombie and Milena Mileva, informed investors this morning (9 June) that it is seeking approval at its 5 August AGM to leverage Baillie Gifford's expertise in the unlisted...

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