Investment highlights

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Woodford Patient Capital Trust plc

Home > Funds > Woodford Patient Capital Trust plc > Investment highlights

A uniquely attractive investment

  • Portfolio exposure to a mix of exciting, disruptive early-stage and early-growth companies, together with some of Woodford’s high conviction mid and large capitalisation ideas
  • Buying stakes in businesses with outstanding intellectual property and helping them fulfil their growth potential through the deployment of long-term patient capital
  • Aiming to identify the best, untapped growth opportunities and deliver exceptional long-term returns
  • An innovative fee structure, aligning manager and investor

The opportunity

  • Despite some of the best universities and finest intellectual property, the UK’s record of converting this into commercial success is poor
  • This is primarily due to a lack of appropriate capital investment – which creates a compelling investment opportunity
  • A long-term ‘patient capital’ approach can deliver extremely successful outcomes and help businesses fulfil their potential, while also helping to develop the UK’s ‘knowledge economy’ and support the much-needed economic rebalancing
  • Unrivalled and untapped growth opportunities offer potential for outstanding long-term returns

Neil Woodford on what patient capital means to him

An outstanding investment team

  • Managed by Neil Woodford, widely regarded as one of the finest investors of his generation and with more than a decade’s experience of deploying long-term patient capital to young businesses
  • A proven investment approach that has consistently delivered outstanding long-term returns for investors
  • Supported by a dedicated and experienced specialist team who share his passion and conviction, and are aligned to the same goal of exceptional long-term performance

Understanding early-stage risks

  • Young businesses have a very different risk profile to more mature companies – risks are much more stock-specific, which implies a lower correlation with equity markets in general and the wider economy
  • This may offer diversification benefits
  • It also means long-term outcomes are more binary – extremely attractive rewards for success but also risk of capital loss (as some businesses will inevitably fail to fulfil their potential)
  • We aim to mitigate this risk through rigorous analysis of the opportunity, an unwavering focus on valuation and diversification across a larger number of smaller positions

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