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Today
harbourvest logo viewed against patch of sea

HarbourVest adopting a more simple structure

HarbourVest Private Equity says it will change the way it invests – moving from investing through HarbourVest Partners’ co-mingled funds to direct investments in third party funds, secondary opportunities and co-investments – a ‘separately managed account’. The transition to the new structure will be gradual as new commitments are invested this way, while the existing […]

Today
paratex logo on a background of an image of a microbe

BioPharma Credit lends to Paratek as it cashes out its OPTN position

BioPharma Credit highlights yesterday’s announcement that Paratek has completed its purchase of OPTN. In connection with this, BioPharma Credit received $82.8m, $71.5m was the repayment of the loan it had made to OPTN and $11.3m came as ‘make-whole’ and prepayment fees, and accrued interest. There is another $1.6m to come in connection with the company’s […]

Today

Picton delivers income and valuation growth

Picton Property delivered strong income and valuation growth in annual results, with NAV up 4.2% to 100p per share and EPRA earnings up 5% to 4.2p. The company’s portfolio increased in value by 3.8% on a like-for-like basis to £723m, while contracted rent was up 3.0% over the year to 31 March 2025. Income growth […]

Today

Good year for STS Global Income & Growth

STS Global Income & Growth has published results covering the 12 month period ended 31 March 2025, and they are good. The NAV and share price return were both 10.9% over the period which compares to a return on the Lipper Global – Equity Global Income Index of 4.5%. The total dividend for the year […]

Today

Developments to drive income growth at British Land

British Land expects its development pipeline to be the catalyst for growth over the next few years as a pinch in real estate supply takes effect. In annual results released today, the company said its central London office campus portfolio, which includes Broadgate in the City, was at an inflection point with valuations in the […]

Today

Scottish Mortgage performance picks up but discount stubbornly wide

Scottish Mortgage has announced results for the 12 months ended 31 March 2025. Over the period, it generated a NAV return of 11.2% and a share price return of 6.0%, which despite the implied discount widening, are both ahead of the 5.5% return delivered by the All-World Index. The statement stresses the importance of looking […]

Today
21 May 2025

Edinburgh Investment Trust benefits from buybacks and narrowing discount

The Edinburgh Investment Trust (EDIN) has released its annual financial report for the year ended 31 March 2025, during which its net asset value (NAV) rose by 8.3% on a total return basis, underperforming its All-Share Index benchmark, which EDIN says increased by 10.5%. The share price advanced 11.3%, closing the year at 740p, reflecting […]