Portfolio 2018-02-06T10:00:12+00:00

Significant Holdings Deal type % of total portfolio Value***
Secondary – growth and re-rating; reinvestment of cashflow  42.1%  17.4m
       
northbridge Recovery and growth capital  7.9%  £3.3m
       
    Convertible Loan Notes 4.3% £1.8m
   Growth capital supporting buy & build strategy 4.2% £1.7m
       
   Secondary – operational gearing and AUM growth  4.7% £1.9m
       
   Pre-IPO growth capital
Convertible Loan Note/equity
 5.1% £1.7m/£0.4m
       
   Secondary – Operational initiatives, organic growth and acquisitions  3.4%  £1.4m
       
  Primary – Growth through site rollout with attractive cash generation and return on capital dynamics  2.6%  £1.1m
       
   Secondary; cash generation to reduce debt, potential growth capital to support future acquisitions 3.4% £1.4m
       
   Secondary – Margin recovery and growth 2.6% £1.1m
       
   Secondary – Strategic refocus, operational initiatives  3.7% £1.5m
       
   Primary – New Equity issue to support growth following shift in business model 1.8%  £0.7m
       
   Recovery Capital 2.0% £0.8m
       
 Other Investments   4.9%  £2.1m
 Cash (GBP) and other working capital items   7.3% £3.0m
 Net asset value     £41.3m

*All holdings in the portfolio above 2% of NAV.

**Correct as of 31 January 2018 month end NAV announcement, released 1 February 2018

*** Value has been rounded to 1 decimal place of a £mil