What is the relationship between SVG Capital and Permira?
SVG Capital is a major investor in Permira’s private equity funds and Permira Capital Limited holds 12 million shares in SVG Capital. However, the Groups are run and managed independently.
Who advises SVG Capital?
SVG Capital’s subsidiary, SVG Advisers Limited, advises the Board on its assessments of investment opportunities and investment strategy.
How does SVG Capital make investment decisions?
The Board is responsible for ensuring that the company operates within the guidance set out in its financing and investment strategy and will allocate any capital for reinvestment, deleveraging or return to Shareholders on an ongoing basis. An investment committee will oversee the management of the assets of the business.
How do I invest in SVG Capital?
You should speak to a financial adviser or stockbroker.
Do I qualify for capital gains tax relief if I invest in SVG Capital?
SVG Capital is not a Venture Capital Trust (VCT), therefore investors in SVG Capital do not qualify for capital gains tax relief.
How often are the net assets valued?
The portfolio is valued twice a year, in December (for the 12 month period) and June (for the six month period). However, from 30 September 2010 the Company has started to publish quarterly net asset value updates. This adjusted net asset value is based on a revaluation of the net investment portfolio (adopting the Permira Funds’ Quarterly valuations).
Does SVG Capital pay dividends?
SVG Capital has the ability to pay dividends. However, its investment objective is one of capital growth and it is anticipated that any returns for shareholders will derive primarily from the capital appreciation of its ordinary shares rather than from dividend income.
Who are the major shareholders?
As at 31 December 2012:
Coller Investment Management Limited
Aegon Investment Management BV
Schroder Investment Management, Schroder Channel Islands Limited, Schroder & Co Limited
OZ Management LP and Och-Ziff Management Europe
Permira Capital Limited
Standard Life Investments
AVIVA Investors Global Services Ltd
Threadneedle Asset Management
Legal and General Group Plc
What is the relationship between SVG Capital, SVG Advisers and SVG Investment Managers?
SVG Advisers and SVG Investment Managers are subsidiaries of SVG Capital. These two companies form the fund management and advisory business of SVG Capital and provide investment advisory services to SVG Capital and third-parties on investment in private equity and public equity using private equity techniques. SVG Capital benefits from the income and capital streams from these fund advisory businesses. For more information about these subsidiaries please visit the SVG Advisers and SVG Investment Managers sections of this website.