SVG Capital () was a leading British

private equity In the field of finance, the term private equity (PE) refers to investment funds, usually limited partnerships (LP), which buy and restructure financially weak companies that produce goods and provide services. A private-equity fund is both a ty ...

and

investment management Investment management is the professional asset management of various securities, including shareholdings, bonds, and other assets, such as real estate, to meet specified investment goals for the benefit of investors. Investors may be institut ...

business. Headquartered in

London London is the capital and largest city of England and the United Kingdom, with a population of just under 9 million. It stands on the River Thames in south-east England at the head of a estuary down to the North Sea, and has been a majo ...

, it was listed on the

London Stock Exchange London Stock Exchange (LSE) is a stock exchange in the City of London, England, United Kingdom. , the total market value of all companies trading on LSE was £3.9 trillion. Its current premises are situated in Paternoster Square close to St Pau ...

History

The business was established in 1996 to acquire the

interests of Schroder Venture Group ('SVG'). It was first listed on the

in the same year. In May 2008, SVG Capital announced the sale of £102 million of limited partnership interests in six

private equity fund A private equity fund (abbreviated as PE fund) is a collective investment scheme used for making investments in various equity (and to a lesser extent debt) securities according to one of the investment strategies associated with private equity ...

s to

Lexington Partners Lexington Partners is the largest independent manager of secondary acquisition and co-Investment funds in the world, founded in 1994. Lexington manages approximately $55 billion of which an unprecedented $14 billion was committed to the firm's ...

and SVG's

collateralized fund obligation A collateralized fund obligation (CFO) is a form of securitization involving private equity fund or hedge fund assets, similar to collateralized debt obligations. CFOs are a structured form of financing for diversified private equity portfolio ...

vehicle, SVG Diamond. In October 2016, the company agreed to sell its portfolio to

HarbourVest HarbourVest Partners is a private equity fund of funds and one of the largest private equity investment managers globally. The firm invests in all types of private equity funds, including venture capital and leveraged buyout funds, and also dire ...

for £807 million. In April 2017, the company announced that it would appoint a liquidator to manage the final distribution to shareholders. It was announced that SVG Capital would wind up on 29 June 2017 subject to a vote.

Investments

SVG Private Equity utilised collateralised 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 had significant investments in private equity funds managed by

Permira Permira is a global investment firm. Founded in 1985, the firm advises funds with assets under management of €60+ billion. The Permira funds have made approximately 300 private equity investments in four key sectors: Technology, Consumer, Ser ...

, which comprised over half of the firm's portfolio by value.

References

External links

SVG Capital
(archived company website) Private equity firms of the United Kingdom Defunct companies based in London Investment management companies of the United Kingdom Financial services companies established in 1996 {{UK-private-equity-company-stub