- Riverstone Credit Opportunities Income (RCOI) provided an update for the quarter ended 30 June 2023. NAV rose 1.4% for the period principally due to continued strong performance by the company’s unrealised portfolio and the successful refinancing and amendment of its investment in Streamline Innovations Inc. The company continues to be a beneficiary of the current interest rate environment with a strategy focused on floating rate, short duration loans.
- HICL Infrastructure (HICL) announced the completion of its acquisition of a 75% shareholding in the offshore transmission assets associated with the Hornsea II Windfarm (Hornsea II OFTO). This availability-based and inflation-linked investment in critical UK electricity transmission represents HICL’s fifth OFTO investment in partnership with Diamond Transmission Corporation. The investment will represent approximately 3% of HICL’s portfolio by value and will be funded by the company’s £650m revolving credit facility.
- Pantheon International (PIN) announced a performance update for the month to June 30. The company saw NAV drop 1.6% while net portfolio cash flow also fell £0.8m. Although the company made no new commitments during the month, PIP’s pipeline points to an active period for new investments in the coming months.
We also have an update from abrdn New Dawn and Asian Dragon Trust