Website www.svgcapital.com Founder Nicholas Ferguson Revenue 125.7 million GBP (2015) | Net income £(19.5) million (2015) Founded 1996 | |
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Industry Private EquityInvestment Management Key people Andrew Sykes, ChairmanLynn Fordham, CEO Non-Executive Directors - Simon Bax, Stephen Duckett, Helen MahyDavid Robins, Senior Independent Director Stock price SVI (LON) 721.50 GBX -0.99 (-0.14%)27 Mar, 9:02 AM GMT+1 - Disclaimer | ||
SVG Capital (LSE: SVI) is a leading British private equity and investment management business. It is headquartered in London and is a constituent of the FTSE 250 Index.
Contents
History
The business was established in 1996 to acquire the private equity interests of Schroder Venture Group ('SVG'). It was first listed on the London Stock Exchange in the same year.
In May 2008, SVG Capital announced the sale of ₤102 million of limited partnership interests in six private equity funds to Lexington Partners and SVG's collateralized fund obligation vehicle, SVG Diamond.
In October 2016 the company agreed to sell its portfolio to HarbourVest for £807 million.
Investments
SVG Advisers, was the firm's fund management operation and comprised SVG Private Equity, which made investments in private equity funds and to a lesser extent private companies, and SVG Public Equity which invested in listed companies.
SVG Private Equity utilized collateralized fund obligation securitizations as part of its "Diamond" program, SVG Diamond (2004), SVG Diamond II (2006) and SVG Diamond III (2007) in order to raise capital for its private equity investments.
SVG Private Equity has significant investments in private equity funds managed by Permira, which comprise over half of the firm's portfolio by value.