SVG Capital
Encyclopedia
SVG Capital is a leading British
private equity
and investment management
business. It is headquartered in London
and is a constituent of the FTSE 250 Index
.
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 fund
s to Lexington Partners
and SVG's collateralized fund obligation
vehicle, SVG Diamond.
SVG Private Equity has 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. These vehicles act as fund of funds
however are not structured as traditional private equity fund vehicles.
SVG Private Equity has significant investments in private equity funds managed by Permira
, which comprise over half of the firm's portfolio by value.
United Kingdom
The United Kingdom of Great Britain and Northern IrelandIn the United Kingdom and Dependencies, other languages have been officially recognised as legitimate autochthonous languages under the European Charter for Regional or Minority Languages...
private equity
Private equity
Private equity, in finance, is an asset class consisting of equity securities in operating companies that are not publicly traded on a stock exchange....
and investment management
Investment management
Investment management is the professional management of various securities and assets in order to meet specified investment goals for the benefit of the investors...
business. It is headquartered in London
London
London is the capital city of :England and the :United Kingdom, the largest metropolitan area in the United Kingdom, and the largest urban zone in the European Union by most measures. Located on the River Thames, London has been a major settlement for two millennia, its history going back to its...
and is a constituent of the FTSE 250 Index
FTSE 250 Index
The FTSE 250 Index is a capitalisation-weighted index consisting of the 101st to the 350th largest companies on the London Stock Exchange. Promotions to and demotions from the index take place quarterly in March, June, September and December...
.
History
The business was established in 1996 to acquire the private equityPrivate equity
Private equity, in finance, is an asset class consisting of equity securities in operating companies that are not publicly traded on a stock exchange....
interests of Schroder Venture Group
Schroders
Schroders plc is a British multinational asset management company with over 200 years of experience in the world's financial markets. The company employs 2,905 people worldwide who are operating from 32 offices in 25 different countries around Europe, America, Asia and the Middle East...
('SVG'). It was first listed on the London Stock Exchange
London Stock Exchange
The London Stock Exchange is a stock exchange located in the City of London within the United Kingdom. , the Exchange had a market capitalisation of US$3.7495 trillion, making it the fourth-largest stock exchange in the world by this measurement...
in the same year.
In May 2008, SVG Capital announced the sale of ₤102 million of limited partnership interests in six private equity fund
Private equity fund
A private equity fund is a collective investment scheme used for making investments in various equity securities according to one of the investment strategies associated with private equity....
s to Lexington Partners
Lexington Partners
Lexington Partners, is a leading independent manager of secondary private equity and co-Investment funds, founded in 1994. Lexington Partners manages approximately $18 billion of which $3.8 billion was committed to the firm's sixth and latest fund .Lexington was founded by former investment...
and SVG's collateralized fund obligation
Collateralized Fund Obligation
A collateralized fund obligation is a form of securitization involving private equity fund or hedge fund assets, similar to collateralized debt obligations...
vehicle, SVG Diamond.
Investments
SVG Advisers, the firm's fund management operation, is composed of SVG Private Equity, which makes investments in private equity funds and to a lesser extent private companies, and SVG Public Equity which invests in listed companies.SVG Private Equity has 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. These vehicles act as fund of funds
Fund of funds
A "fund of funds" is an investment strategy of holding a portfolio of other investment funds rather than investing directly in shares, bonds or other securities. This type of investing is often referred to as multi-manager investment...
however are not structured as traditional private equity fund vehicles.
SVG Private Equity has significant investments in private equity funds managed by Permira
Permira
Permira is a United Kingdom-based private equity firm with global reach. The firm advises funds with a total committed capital of approximately €20 billion....
, which comprise over half of the firm's portfolio by value.
External links
- SVG Capital (company website)