In QuotedData’s morning briefing 1 March 2022: ICG Enterprise Trust is investing about £13m in Newton Industrial Consultants. The investment is being led by ICG Europe Mid-Market Fund I. ICGT will invest as a limited partner in the fund and also through a direct investment. Newton is a market-leading and fast-growing consulting firm, with a […]
Gresham House Energy Storage – auction bakes in NAV uplift The National Grid’s recent T-1 and T-4 Capacity Market auctions took place on 15 and 22 February. These both cleared at record prices. These relate to contract start dates occurring one and four years respectively after the most recent 1st of October, in these instances […]
Greencoat Renewables power output 16% below budget – Greencoat Renewables has announced its results for the year ended 31 December 2021. On the plus side: The portfolio increased to 25 assets with a net generating capacity of 800MW (2020: 557MW). Geographic and technology diversification including acquisition of 4 wind farms, including first operational wind farm […]
RTW makes two investments: Magnolia Medical Technologies RTW says that Magnolia Medical Technologies has completed a $46m growth equity financing round. The company, alongside other investment vehicles of RTW Investments, LP, participated in the financing round together with other investors. Magnolia Medical is a privately held medical technology company that develops, manufactures, and markets innovative […]
Polar Capital Global Financials outperforms as financials in demand – Fast-growing Polar Capital Global Financials Trust rewarded its shareholders with an NAV return of 27.9% and a share price return of 29.7% over the course of the 12 months ended 30 November 2021. Both returns were ahead of the 27.0% return delivered by the MSCI ACWI […]
Schroder BSC Social Impact fully committed – Schroder BSC Social Impact Trust says that the net proceeds of its IPO as well as the placing of shares last November are now fully committed. The company has made three new commitments: The Community Investment Fund A new investment in the Debt for Social Enterprises asset class […]
Riverstone Credit continues shift to green and sustainability-linked loans – Over the course of 2021, Riverstone Credit Opportunities saw a modest fall in its NAV from $1.04 to $1.02, but a narrowing of its discount as the share price moved from $0.683 to $0.87. The dividend was maintained at 7 cents per share but this […]
In QuotedData’s morning briefing 17 February 2022: NextEnergy Solar (NESF) continues the recent trend of NAV uplifts in the renewable energy sector with a 1.3p increase in its NAV over the three months ended 31 December 2021. The update that accompanies this announcement promises that more battery projects (developed in conjunction with Eelpower) will be […]
Crystal Amber sets out wind-down plans – having failed to get its continuation resolution passed, Crystal Amber is now publishing its plans for a managed wind-down of the portfolio. The Fund has accumulated several strategic holdings: 28.9% in Hurricane Energy, 13% in Equals Group, 18.2% of Allied Minds, 10% of De La Rue, and 10.8% […]
Honeycomb to merge with Pollen Street – Honeycomb Investment Trust has announced plans to merge with Pollen Street Capital Holdings, the holding company for its investment manager. This would be the end of Honeycomb as an investment trust as it morphs into a commercial company. Pollen Street shareholders will end up with about 45.5% of […]
