Shackleton is a successful dedicated direct secondary GP. Our funds have a steady track record of value growth underpinned by regular realisations. Shackleton Finance Limited currently manages four main funds:
Shackleton Secondaries LP: formed in 2006, invested in mostly UK-based technology companies. It has delivered steady cash returns, having enjoyed 11 significant exits. Remaining portfolio companies include Panintelligence an award-winning BI vendor and Tissuemed an innovative surgical sealants business. Exits include the sale of lending software specialist Pancredit to Equiniti; the sale of leading payment services provide Creditcall to NMI; and Tinglobal to Singapore-quoted Procurri.
Shackleton Secondaries II LP: formed in 2007, invested in predominantly UK-based companies that spanned both earlier stage technology and also more mature development capital assets. The fund has delivered steady cash returns having enjoyed 10 significant realisations. Remaining companies include Dexam, a B2B and B2C supplier of kitchenware, and Omprompt a supply chain automation software company specialising in AI solutions. Exits include the sale of Nanosight to Malvern Instruments, the acquisition of Lewmar a leading marine equipment brand by LCI (NYSE:LCII), the sale of Tubex to Fiberweb, and the sale of Physiomics on the AIM market.
Shackleton Secondaries 3 LP: was formed in 2014 to acquire, develop and realise the assets from three underlying funds previously managed by Sigma Capital Group plc. The fund’s investments are all in Scotland, in companies involved in IT, food technology, and energy saving. Portfolio companies include internet video specialist Exterity, aviation software developer Bluebox Aviation, and IRT the real estate energy analytics business. The fund’s alumni include email automation pioneers Logicalware which was recently acquired by Puzzel; and engineering software company DEM which was sold to Altair Engineering (Nasdaq: ALTR) in 2019. The fund’s backers include leading financial, corporate and government investors.
Shackleton Secondaries Victoria LP: was formed in 2016 to invest in the burgeoning German fintech sector. The central investment of the fund is a shareholding in FinLeap, a leading Fintech ecosystem, based in Berlin. Renowned for its fast execution, innovative, and market-changing Fintech companies, FinLeap’s portfolio of award-winning growth businesses includes smart insurer, Clark; digital risk carrier, Element; and B2B2C bank solaris.