Short Briefings on Long Term Thinking - Baillie Gifford Private companies: from Anthropic to Zetwerk – and other new investments
4 snips
Dec 1, 2025 Robert Natzler, an investment manager at Baillie Gifford, dives into the vibrant world of private companies. He discusses key investments like Anthropic, an AI lab creating cutting-edge tools, and Revolut, a digital banking powerhouse outpacing traditional banks. Natzler highlights Mottu's innovative support for gig workers in Latin America and Zetwerk's supply chain solutions diversifying manufacturing beyond China. With a focus on global growth equities, he emphasizes the importance of seeking exceptional companies, regardless of location.
AI Snips
Chapters
Transcript
Episode notes
Motu's Covid Pivot Built Competitive Advantage
- Motu pivoted to build its own motorcycles using parts from India when COVID disrupted suppliers.
- That reduced maintenance costs and made its fleet more durable, boosting value for gig workers.
Private Growth Is A New, Large Asset Class
- Growth-stage private companies often have hundreds of millions in revenue but remain loss-making and founder-led.
- The internet expanded private capital, creating thousands of mature private firms that can raise money without listing.
Support Founders As Long-Term Minority Partners
- Partner as a minority, long-term investor rather than forcing a quick IPO exit or flipping shares.
- Use your public market network to mentor private founders and smooth their path to listing when ready.