Tenth Anniversary of Oakley Capital Investments in 2017 – Oakley Capital Investments (OCI) has announced its annual results for the year ended 31 December 2017. The company was launched in August 2007 and has completed its first decade of trading.
Oakley Capital Investments is a Bermudian based company listed in London on the AIM market. The company seeks to provide investors with long term capital appreciation, through its investment in Oakley Capital Private Equity L.P. and over time, through co-investment opportunities. For more on, please click here for our glossary entry on private equity.
Oakley Capital Investments investments in Oakley Capital Private Equity L.P., Oakley Capital Private Equity II and Oakley Capital Private Equity III. They are are unlisted mid-market private equity funds that aim to provide investors with significant long term capital appreciation. The investment strategy of the funds is to focus on buy-out opportunities in industries with the potential for growth, consolidation and performance improvement.
The NAV per share of the company grew 6% year-on-year to 31st December 2018, which was driven both by earnings growth in the underlying portfolio and uplifts in three of Oakley Fund III’s investments. Since it was launched, the company has outperformed the FTSE All-Share Index.
Chairman’s outlook
“Whilst it seems that uncertainty will continue to dominate over the coming year, the outlook is generally good for 2018. Although the outcome is not yet known, we should start to see some clarity over the UK’s position as the Brexit deal begins to take shape. Valuations continue to be high, facilitating a strong exit environment, however the question still remains amongst investors whether returns will be affected in the long run if premiums are being paid for quality assets. The Board is confident that the Investment Adviser will continue to remain disciplined in its investment approach and we have seen this demonstrated by the quality of the six new acquisitions made to date by Oakley Fund III.
The underlying portfolio continues to perform despite macroeconomic factors, and the Company is strongly positioned to deliver meaningful growth to shareholders over the next twelve months.“
OCI : Tenth Anniversary of Oakley Capital Investments in 2017