One fund. A few businesses. No hurry.

The SBN Value Fund owns a deliberately concentrated portfolio of listed businesses. Each investment must earn its place: it should be a business we understand, with qualities we believe can endure, bought at a price that gives us a meaningful margin of safety. We are prepared to hold exceptional businesses for many years, allowing their underlying economics and the discipline of compounding to do the work.

In short

Domicile

British Virgin Islands

Currency

U.S. dollars

Access

By invitation

The fund is independently administered and audited. It is available to a limited number of professional, sophisticated and high-net-worth investors, subject to eligibility assessment and the usual checks.

Terms, fees, capacity, minimums and liquidity are set out in the offering documents, which are provided to eligible investors on request. Those documents, and not this website, govern any investment.