Baillie Gifford targets £250m for US Growth trust launch

Managed by Gary Robinson

Baillie Gifford has announced plans to launch a US investment trust investing in listed and unlisted growth companies, with a fundraise target of £250m.

The Baillie Gifford US Growth trust will be managed by North American equities team members Gary Robinson (pictured) and deputy managers Helen Xiong and Andrei Kiselev, who are also responsible for the open-ended £924m Baillie Gifford American fund alongside Tom Slater. This fund is up 88% over three years compared to 51% for the IA North America sector. Initial investments in the trust are expected to be predominantly in listed securities, with a market capitalisation of at least $1.5bn, but exposure to unlisted securities, with pre-raise valuations of at least $500m, will increase over...