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QuotedData’s morning briefing 6 September 2023 – AGA, LXI, PHP

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In QuotedData’s morning briefing for 6 September:

  • Apax Global Alpha Limited (AGA) announced its results for the six months to 30 June 2023. Total NAV Return  was 2.4%. Overall performance was supported by growth in the Private Equity portfolio and strong returns from the company’s debt investments. In Private Equity, Total NAV Return was 1.9% in the six months to 30 June 2023, driven by continued growth in the underlying portfolio. Meanwhile, the Debt portfolio returned 5.3% in the same period. At 30 June 2023, AGA was 93% invested, split 71% in private equity and 28% in debt investments, with the remaining 1% invested across three derived equity positions.
  • LXi REIT’s (LXI’s) investment advisor has appointed Alex MacEachin as chief financial officer, replacing Freddie Brooks, whose resignation became effective on 3 September 2023. MacEachin is a chartered accountant, having trained and practised at BDO LLP, with extensive experience in property and construction finance and accounting matters, including as group financial controller of Empiric Student Property PLC, the London Stock Exchange listed owner and operator of student accommodation. He was appointed as finance director of the LXI’s investment advisor in February 2023.For the remainder of the calendar year, as previously announced, Freddie Brooks will continue to work as a consultant to the investment advisor.
  • Primary Health Properties (PHP) has applied for a secondary listing on the Johannesburg Stock Exchange (JSE). The listing on the JSE is expected to become effective in October 2023, subject to various regulatory approvals in South Africa. The company will not place or issue any new PHP shares in the listing on the JSE. The company said that it believes that admission to trading of the shares on the JSE will be beneficial to the company and its stakeholders through greater liquidity in its shares.

We also have stories on GCP Infrastructure, RM Infrastructure Income, and annual results from Mid Wynd International Investment Trust.


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