22 Jan 2018

Q3 2017 update

Quarterly update for three months to 31 October 2017


  • Realisation activity key driver of growth in the quarter – NAV per share of 930p
  • Highly cash generative portfolio
    • YTD distributions exceed total proceeds received in the previous two financial years
  • Continued progress against strategic goals
    • Selective investment in compelling opportunities and increased exposure to ICG managed assets
  • Move to progressive annual dividend policy and quarterly payments
  • NAV and share price continue to outperform FTSE All-Share over one, three, five and ten years

Emma Osborne, Head of Private Equity Fund Investments, ICG, commented:

“The portfolio remains highly cash generative with over £215m of realisations year-to-date, a record period for the portfolio, and outweighing total proceeds received in the previous two financial years.

“Pricing for new investments is high and there is intense competition for good quality assets. Our flexible investment strategy allows us to be nimble, giving us greater control and visibility on the portfolio and enabling us to increase exposure to companies we believe will outperform through the cycle. In the current market conditions, our focus has been on high quality, defensive direct co-investments and secondary investments in both Europe and the US. As always discipline is key.

Share price (ICGT)

34.00P (3.23%)
2:22AM 17 May 2022
The share price information is delayed by at least 15 minutes

Net Asset Value

As of 31 January 2022
Full year results for the twelve months ended 31 January 2022
Year Net assets NAV per share Share price Dividends per share
Jan 2021 £952m 1,384p 966p 24p
Jan 2020 £794m 1,152p 966p 23p
Jan 2019 £731m 1,057p 822p 22p
Jan 2018 £664m 959p 818p 21p
Jan 2017 £613m 871p 698p 20p
Jan 2016 £521m 731p 545p 11p
Jan 2015 £507m 695p 575p 15.5p
Jan 2014 £494m 677p 563p 15.5p
Jan 2013 £460m 631p 487p 5p
Jan 2012 £415m 569p 357p 5p
Jan 2011 £389m 534p 308p 2.25p
Dec 2009 £338m 464p 305p 2.25p
Dec 2008 £327m 449p 187p 4.5p