Portfolio performance

Top 30 companies' revenue


Last 12 months (LTM) growth1

Investment portfolio return


LTM on a local currency basis1

Portfolio value


At 31 Jul 2023

Top 30 companies' EBITDA2


LTM growth1

Investment portfolio return



Continuing our track record of growth

At 31 July 2023, our Portfolio was valued at £1,399m. Over the last five years, our Portfolio has generated an annualised Portfolio Return on a Local Currency Basis of 17.9% and 7.3% 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 2023, generated Total Realisation Proceeds of £94.1m.

There were 17 Full Exits. These were completed at a weighted average Uplift to Carrying Value of 17.7% and weighted average Multiple to Cost of 4.0x.

The 10 largest underlying realisations in the period represent 65.8% of Total Realisation Proceeds and included Endeavour Schools (£32.9m), Signify Health (£8.3m) and Breitling (£3.9m).


Realisation proceeds


Realisation uplift


Multiple of costs of realisations

Investment activity

Total new investment of £64.1m in the six months to 31 July 2023, of which 5.4% (£9.9m) were alongside ICG.


Invested via Primary funds


Invested in Direct investments


Invested in Secondary investments