Montanaro Global Innovation Fund
The Fund invests in Small and MidCap companies quoted in global markets that are leaders in technological innovation; benefit from new technologies and innovation; develop products, processes or services that will provide or benefit from technological advances and improvements throughout the world. Such companies will be active mainly, but not exclusively, in the following areas: robotics / automation, cloud computing, cyber-security, connectivity, digital transactions and healthcare technology.
The Fund aims to achieve capital growth in excess of the MSCI World SMID Cap Index.
The full investment objective and policy for the Fund is stated in the Fund’s prospectus.
The Fund is classified as Article 8 for the purpose of SFDR.
Why invest in Small & MidCap for Technology?
- A large investment universe of 1,500 companies (ex-Healthcare)
- A paradise for stock-pickers – many great businesses
- Smaller companies are less prone to break-up / antitrust backlash / higher taxes
How we invest
Our investment process has remained unchanged for many years:
- We invest exclusively in “Quality Growth” companies
- We generate new ideas ourselves (no brokers)
- We do thorough research ourselves, which includes detailed analysis and company site visits
- We integrate ESG fully into company analysis
- We take a conservative approach to valuation
How to invest
The Fund is available through various platforms:
Alternatively, find out about the other ways of accessing this fund.
Independent Advisory Committee
David Gann has over 30 years of experience in the fields of innovation and technology.
David is Chairman of the UK Atomic Energy Authority and a member of the UK Government's Innovation Expert Group. He was a member of the Department for Health and Social Care Technology Advisory Board. He Chaired the Smart London Board from 2012 to 2017 reporting to two Mayors of London.
David is also a Non-Executive Director of Directa Plus Plc, a graphene company; Non-Executive Director of VenCap International plc, a venture fund-of-funds. He is a member of NEC's Advisory Council. He has worked with many entrepreneurs, technology ventures and large engineering and technology firms, including as Group Innovation Executive at Laing O'Rourke plc from 2007 to 2011.
Anne co-founded Amadeus Capital Partners in 1997 and has been an active venture capitalist for over 30 years.
Anne started her career in the Unites States where she worked at Cummins Engine Company and Bain & Co. Upon her return to the United Kingdom she joined Apax Partners and became Chief Operating Officer of Virtuality Group before founding Amadeus in 1997.
Previously, Anne chaired the British Private Equity and Venture Capital Association from 2004 to 2005 and Invest Europe from 2014 to 2015. Anne was also a Non-Executive Director of the Court of the Bank of England in 2018.
Anne is a member of the Investment Committee of Yale Corporation and early this year she was appointed as an external member of the Venture Capital Investment Committee of CDC Group, the UK’s development finance institution.
Axel Heitmueller is Managing Director at Imperial College Health Partners, which supports the adoption and diffusion of best practice in healthcare.
Prior to this, Axel was Executive Director of Strategy and Business Development at Chelsea and Westminster Hospital NHS Foundation Trust and Deputy Director and Chief Analyst at the Prime Minister’s Strategy Unit in the Cabinet Office and No 10.
Axel has extensive experience in providing strategic and intellectual leadership and managing complex stakeholder networks.
Axel is also Visiting Professor at the Institute of Global Health Innovation at Imperial College.
Benedict Evans is a consultant, author, public speaker and technology expert.
Benedict has spent the past 20 years analysing mobile, media and technology data, and worked in equity research, strategy, consulting and venture capital. He is the author of Benedict’s Newsletter which has over 160,000 subscribers.
Benedict is a Venture Partner for Mosaic Vetures and Entrepreneur First and has been involved in these organisations since early 2020.