Portfolio performance

Top 30 companies' revenue

14.9%

Last 12 months (LTM) growth1

Investment portfolio return

4.8%

LTM on a local currency basis2

Portfolio value

£1,437m

At 31 Oct 2023

Top 30 companies' EBITDA3

14.7%

LTM growth1

Investment portfolio return

3.4%

Sterling4

Continuing our track record of growth

At 31 October 2023, our Portfolio was valued at £1,437m. Over the last five years, our Portfolio has generated an annualised Portfolio Return on a Local Currency Basis of 17.5% and 4.8% on an LTM basis.

3D rendered financial performance bar chart results shot on a reflective background

Realisation activity

Realisation activity during the three months to 31 October 2023, generated Total Realisation Proceeds of £39m.

There were 12 Full Exits. These were completed at a weighted average Uplift to Carrying Value of 33.7% and weighted average Multiple to Cost of 3.3x.

£39m

Realisation proceeds

34%

Realisation uplift

3.3x

Multiple of costs of realisations

Investment activity

Total New Investments of £29m in the three months to 31 October 2023, of which 17% (£5m) were alongside ICG.

61%

Invested via Primary funds

29%

Invested in Direct investments

10%

Invested in Secondary investments