Portfolio performance

Top 30 companies' revenue

8.6%

Last 12 months (LTM) growth1

Investment portfolio return

8.4%

LTM on a local currency basis1

Portfolio value

£1,416m

As at 31 Jul 2025

Top 30 companies' EBITDA2

13.0%

LTM growth1

Continuing our track record of growth

At 31 July 2025, our Portfolio was valued at £1,416m. Over the last five years, our Portfolio has generated an annualised Portfolio Return on a Local Currency Basis of 17.4% and 8.4% on an LTM basis.

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

Realisation activity

Realisation activity during the six months to 31 July 2025 generated Total Proceeds of £222m.

In the last 12 months, there were 40 Full Exits. These were completed at a weighted average Uplift to Carrying Value of 15.0% and weighted average Multiple to Cost of 3.0x.

£222m

Total proceeds1

15%

Realisation uplift2

3.0x

Multiple of costs of realisations2

1. Six months to 31 Jul 2025
2. 12 months to 31 Jul 2025

Investment activity

Total New Investments of £113m in the six months to 31 July 2025, of which 55% (£62m) were into ICG managed investments.

37%

Invested via Primary funds

27%

Invested in Direct investments

37%

Invested in Secondary investments