Overview
Guild is a Delaware limited liability company that commenced operations in 2019. Iain
Martin Shovlin (the “Principal”), is the sole owner, managing partner and chairman of Guild. The
investment activities of Guild are led by the Principal together with other investment professionals
who assist in executing investment strategies on behalf of clients.
Guild serves as the investment manager to private investment funds focused primarily on
investing in early-stage venture capital, specifically in direct-to-consumer e-commerce in the
United States and India, as well as e-commerce infrastructure in India. Guild provides
discretionary investment management services to special purpose vehicles (each, an “SPV”)
formed for the purpose of investing in a single portfolio company (each, a “Portfolio Company”).
SPVs issue two classes of interests that are divided into multiple series (each, a “Series”), each
Series corresponds to a particular investment in the Portfolio Company purchased with the
proceeds from the SPV’s sale and issuance of such Series. Series may have different rights,
priorities, and preferences from other Series. In support of the SPVs’ equity investments
and
ancillary to Guild’s core equity strategies, from time to time, the SPVs offer convertible or non-
convertible debt to the Portfolio Companies.
Through a SPV’s investment, Guild generally seeks to actively partner with the Portfolio
Company to assist in crafting growth strategies, architecting high-performance teams, creating
distinctive brands, and embracing metric-driven management. Guild provides investment advisory
services to each SPV pursuant to such SPV’s separate operating agreement and in accordance with
disclosure provided to investors (the “Governing Documents”). Each SPV is created for the sole
purpose of investing in a specific Portfolio Company; thus, the SPVs and their investors are not
permitted to impose restrictions on investing in certain securities or types of securities. Please
refer to “Item 8: Methods of Analysis, Investment Strategies and Risk of Loss” for a more detailed
description of Guild’s investment strategies.
As of the close of business on December 31, 2023, Guild advised approximately
$332,266,489 in regulatory assets under management on a discretionary basis. Guild does not
currently manage any assets on a nondiscretionary basis.