Also, Alliance Witan underperforms during a volatile first half, HydrogenOne Capital Growth changes name for its wind-down, Starwood European Real Estate Finance takes a second write-down on loans in Dublin and proxy vote adviser ISS backs Maven Renovar VCT in its fight with former fund manager. TRIG’s net asset value falls 4% Renewables Infrastructure Group […]
“Marketing is key,” declares outgoing chair John Singer after another year in which the private equity fund’s share price has not reflected the performance of its portfolio. Pantheon International (PIN) is pinning its hopes on a marketing offensive to bring investors into the £1.5bn listed private equity fund after another year in which its share […]
Chrysalis (CHRY) has jumped to a three-year high after the growth capital fund underlined the strength of its recovery with a 13.7% second quarter increase driven by a dramatic 42% hike in the value of Starling bank. Shares in the £582m investment company, which invests in companies preparing to float on the stock market, leaped […]
SDCL Efficiency Income sells a small US asset at a big premium, hoping that impresses shareholders given the wide share price discount, but investors in Abrdn European Logistics have to stomach a loss on its disposal of a portfolio in Spain. SDCL Efficiency Income Trust (SEIT) has sold its convertible loan in ON Energy to […]
Greencoat UK Wind (UKW) has made three disposals to raise £181m after a difficult first half left the UK’s largest listed renewables fund in breach of its 40% borrowing limit. Declining power price forecasts and low wind generation knocked 5.2% from the £3.3bn portfolio’s net asset value, reducing NAV per share at 30 June to […]
Oakley Capital Investments (OCI), a top-performing listed private equity fund, will be easier for investors to buy after the company announced its imminent move to the London Stock Exchange’s official list. The £924m company, which invests solely in the private equity funds of Oakley Capital, has been listed on the LSE’s specialist funds segment for […]
Update: HydrogenOne Capital Growth (HGEN) is to wind down and return what is left of shareholders’ money in the green energy fund after four difficult years. The company, whose shares have lost three quarters of their value since 2021 and languish 70% below net asset value, has appointed Redwheel, the trading name of RWC Asset […]
Gore Street Energy Storage (GSF) has unveiled its strategic review, announcing plans to sell 8% of assets to upgrade the remaining portfolio and increase revenues as it looks to win back shareholders after last week’s dividend cut and head off a challenge to its board. The £314m battery fund said it would seek buyers or […]
JPMorgan Global Growth & Income co-manager Tim Woodhouse steps down and Greencoat UK Wind reports a 4.4% fall in the portfolio and sells £181m of assets. JPMorgan Global Growth & Income (JGGI) co-manager Tim Woodhouse is stepping down to take a new job at JPMorgan Asset Management, leaving Helge Skibeli and James Cook in charge […]
Update: Share price performance figures and yields in this article have been corrected and updated to 31 July. Apax Partners’ cash bid for Apax Global Alpha may not be the catalyst for an immediate, sector-wide narrowing of listed private equity fund, say fund managers, but be in no doubt, ultra-wide share price discounts of 30%-40% […]
