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 aviation software developer Bluebox Aviation; IRT Surveys the real estate energy analytics business; and Nandi Proteins an innovator in food ingredients. The fund’s alumni include IPTV specialist Exterity which was recently acquired by Vitec; email automation pioneers Logicalware which was 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. The portfolio boasts two dollar unicorns, and has high expectations of substantial further growth.