Our Portfolio

Oak Hill Capital

Oak Hill is one of the longer standing US managers tracing its roots back to 1986. To date the manager has invested c. $9.5bn in more than 80 transactions across the US. 

ICG has been tracking Oak Hill’s development for a decade and committed to Oak Hill IV and separately invested in Oak Hill II and III via a secondary transaction.

Oak Hill invests in mid-market companies and develops investment themes based on long term trends. It is focused on four core sectors: consumer, retail and distribution; industrials; media and communication; and services.

At the $2.65bn final close in July 2017, Oak Hill IV was c.35% invested and oversubscribed. In addition, Oak Hill II and III represent a well-balanced portfolio and are developing well.

Situations such as this suit our style of investment by applying our bottom-up, underlying company focused due diligence style and targeting opportunities with short term capital deployment alongside primary fund commitments.

At 31 January 2018, ICG Enterprise Trust’s total exposure to Oak Hill, including undrawn commitments, was £16m. In March 2018, Oak Hill announced the sale of one of the first investments made by Oak Hill IV at a 3x multiple of cost.

For more information, visit Oak Hill Capital's website.

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Share price (ICGT)

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Net Asset Value

As of 31 July 2021
Next update: Q3 results for quarter ended 31 October 2021
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