Sands Capital Global Growth Fund Investor Shares (SCGVX) is an open-end mutual fund managed by Sands Capital Management LLC that seeks long-term capital appreciation by investing primarily in equity securities of publicly-traded growth companies located worldwide, including those in developed and emerging markets. Under normal circumstances, the fund maintains investments in at least three countries, with at least 40% of net assets allocated to non-U.S. companies; its portfolio emphasizes large-cap growth stocks across sectors such as technology (29.37%), consumer cyclical (25.05%), and communication services (13.73%), with top holdings including NVIDIA Corp. (6.22%), Netflix Inc. (6.00%), MercadoLibre Inc. (5.27%), Visa Inc. (4.61%), and Amazon.com Inc. (4.56%). The Investor Shares class features a net expense ratio of 1.21%, a minimum initial investment of $100,000, and a maximum redemption fee of 2.00%, with assets under management for the share class at approximately $29.06 million as part of the fund's total net assets of $1.19 billion.
Sands Capital Management LLC, founded in 1992 and headquartered in Arlington, Virginia, with additional offices in London and Singapore, serves as the investment advisor for SCGVX, offering the fund as part of its public equity strategies that target innovative growth businesses globally. The fund, launched on March 31, 2010, and domiciled in the United States, is available for sale to U.S. investors and focuses on sustainable competitive advantages in both U.S. (59.99% of assets) and non-U.S. stocks (36.64%), with minor cash holdings (3.37%).
Recent developments at Sands Capital include the promotion of T. Perry Williams to co-Chief Investment Officer effective August 1, 2025, after which he stepped down from day-to-day portfolio management of the Global Growth strategy, while lead manager David Levanson and comanagers Brian Christiansen and Daniel Pilling continue oversight supported by a 40-person analyst team. In June 2025, Sands Capital achieved a successful venture exit through the acquisition of its portfolio company Brightflag by Wolters Kluwer for approximately €425 million, following investments starting in 2019 that drove over 10x revenue growth. The firm also closed its $555 million Life Sciences Pulse Fund III and issued Q2 and Q3 2025 investor letters highlighting strong quarterly performance, portfolio adjustments such as exiting Nike, and ongoing emphasis on AI-driven growth opportunities.