3i Infrastructure has published a quarterly update covering the final quarter of 2022. It says that overall the portfolio performed well, exceeding the expectations set in September 2022, and continues to deliver strong performance. The board believes that the company is on track to deliver its dividend target of 11.15p for the financial year ended […]
Foresight Sustainable Forestry says that its June 2022 equity fundraising proceeds have now been fully deployed. This follows the completion of eleven purchases and provides an update on the development of afforestation properties (where it is planting trees into land that is currently not forest) in the portfolio. New investments The trust has deployed a […]
In QuotedData’s morning briefing 19 January 2023: NB Private Equity (NBPE) reports an NAV at the end of December of $27.94 (£23.23), down 8.9% over 2022. Seven full or partial sales (totalling $143m) announced in 2022 include: the remaining assets of Telxius, the announced full sales of Leaseplan and Omega Environmental Technologies, the final sale […]
In QuotedData’s morning briefing 17 January 2023: Gulf Investment Fund (GIF) reports that over the final quarter of 2022, its NAV fell by 3.8%, outperforming the S&P GCC Index, which fell by 6.1%. In fact, 4Q 2022 was one of the worst quarters for Qatar and Saudi Arabia in past 10 years. Qatar fell 15.9% […]
Apax Global Alpha (AGA) has announced that the Apax VIII Fund, in which AGA is a limited partner, has announced that its portfolio company Duck Creek Technologies has entered into a definitive agreement to be acquired by Vista Equity Partners for US$19.00 per share in cash. The transaction values AGA’s current look-through investment in Duck […]
In QuotedData’s morning briefing 12 January 2023: Marwyn Value Investors has recognised a further £5m of recoverable VAT in its NAV (relating to its historic investment in Praesepe, as before). £4.33m or 7.8p per share is added to the ordinary share NAV, £0.53m or 56.7p is added to the 2016 realisation share NAV and £0.03m […]
AT85 Global Mid-Market Infrastructure Income, which published an intention to float announcement on 21 November 2022 but then postponed the publication of its prospectus given the turmoil in markets, is now ready to push the button on its IPO. It is looking for £300m to invest in a portfolio of midmarket core-plus essential infrastructure or […]
NextEnergy Solar has a $50m commitment to NextPower III ESG which is getting closer to being fully invested. It has just announced its first strategic solar and battery storage acquisitions in Greece. The acquisitions include six utility-scale solar PV projects totalling 132MWp, and a majority in six standalone battery storage projects totalling 400MW. NextEnergy Group, […]
In QuotedData’s morning briefing 10 January 2023: Ben Durrant has been made deputy portfolio manager of Pacific Horizon (PHI). Ben is an investment manager in Baillie Gifford’s Emerging Markets Equity Team. He joined Baillie Gifford in 2017 having previously worked for RBS in its Group Strategy and Corporate Finance Team. Prior to re-joining the Emerging […]
Riverstone Credit Opportunities Income (RCOI) has made a new four-year US$150m sustainability-linked first lien term loan to NASDAQ listed Clean Energy Fuels Corp (CLNE) (cleanenergyfuels.com), which produces natural gas from animal waste and landfill containing organic matter. The floating rate loan has a maturity of 22 December 2026 with an all-in yield to maturity of […]
