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Selective investment into high conviction opportunities
INVESTED IN HIGH CONVICTION INVESTMENTS
Nine months ended 31 October 2019
In the current market environment, we continue to be highly selective in our investment approach with a focus on high quality, defensive businesses.
We invested a total of £110m in the nine months with high conviction investments accounting for 37%, including four new co-investments: DOC Generici, RegEd, Berlin Packaging and VitalSmarts.
We completed 11 fund commitments totalling £152m. Of the 11 fund commitments, four are to new managers to the Portfolio (AEA, Gryphon, Carlyle and Investindustrial), with the remainder to managers we have backed successfully before. Of the new manager relationships, two are focused on the US and two are European focused.