- RTW Venture Fund Limited (RTW) announced the unaudited update for the month of May, with NAV growing 1.9% to US$365.2m. Shares rose 2.5% over the same period, and the discount narrowed slightly to 26%.
- Sequoia Economic Infrastructure Income Fund (SEQI) provided a NAV and investments update for May with NAV growing around 66 basis points for the month. The major update for the fund was portfolio company Ziton, closing a bond issuance after it won a new contract with Siemens Gamesa, where the purpose of the issuance was to refinance existing debt, including all the company’s debt investments.
- TwentyFour Income Fund announced that Rob Ford and Gary Kirk will be retiring from the partnership in September, and transitioning to advisory roles at the firm, having helped co-found the business in 2008. Rob has co-managed a number of TwentyFour’s ABS product lines, most recently UK Mortgages Ltd which was launched in 2016 and subsequently merged into the TwentyFour Income Fund last year, and is now managed by the wider 10 person ABS team led by Douglas Charleston and Aza Teeuwen. Gary has been co-managing the Multi Sector Bond investment team, including the TwentyFour Select Monthly Income Fund, since it was launched in 2009, and it has subsequently grown to 5 partners (including Gary) and 10 further investment professionals.
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