Wellcome Trust (Wellcome) is an independent foundation based in London, United Kingdom. Established in 1936, Wellcome research charity exists to improve health for everyone by helping scientists and researchers take on emerging proble The assets of the foundation are managed by the board of governors.Wellcome Trust's investment portfolio is valued at GBP 29.1 billion, with investments in publicly-traded equities, private equity and venture capital, hedge funds, real estate, and cash. As of September 30, 2020, the private equity portfolio represented 29.0% of the total portfolio.