In QuotedData’s morning briefing 9 September 2024: Starwood European Real Estate Finance (SWEF) has published its interim results for the six months ended 30 June 2024. SWEF says that it has made positive realisation progress during the half year with a total of £102.1m, 38.9 per cent of the Group’s 31 December 2023 total funded […]
I was recently asked about the outlook for listed private equity funds and whether it was likely to improve along with the more optimistic macroeconomic environment. Despite having a strong track record of achieving strong realisations and the private funds generally reporting good operational performance from their underlying holdings, the sector seems to struggle to […]
Digital 9 Infrastructure (DGI9) has published a company update including details of an unaudited portfolio valuation and updated net asset value and the news is not good – its board believes that “the aggregate portfolio valuation as at 30 June 2024 is likely to be materially below the latest published portfolio valuation as at 31 […]
In QuotedData’s morning briefing 6 September 2024: Triple Point Energy Transition (TENT) has declared a special dividend of 25p per share (£25m in aggregate), which is a distribution that is part of the managed wind-down approved by shareholders on 22 March 2024. TENT says this has been possible because of timely realisations to date. The […]
At its AGM today, shareholders in JPMorgan Global Core Real Assets (JARA) voted against a resolution for the fund to continue as an investment trust for another five years. This was not unexpected – the trust’s performance has been disappointing since its launch five years ago, while sentiment towards the sorts of assets in which […]
Manchester and London (MNL) has announced a change in the structure of the fees it pays to its manager, M&L Capital Management Limited, under which there is a new tiered management fee replacing the current fee arrangements, which took effect from 1 September 2024. The new fee arrangements do not include any performance fee or […]
Oakley Capital Investments (OCI) has announced that Oakley Capital Fund IV has reached an agreement to sell its stake in Ocean Technologies Group (OTG), an independent software provider to the maritime industry, to Lloyd’s Register. OCI says that the transaction was broadly in line with OTG’s carrying value as at 31 March 2024 and that […]
Artemis Alpha (ATS) and Aurora (ARR) have announced this morning that their boards have agreed heads of terms for a proposed combination of the two trusts. If approved by each company’s respective shareholders, the transaction will be effected by way of a scheme of reconstruction and winding up of Artemis Alpha with the associated transfer […]
Downing Renewables & Infrastructure (DORE) has committed to acquire three Swedish hydropower plants and their associated storage reservoirs. The combined expected annual average production is around 7 GWh, with a potential increase of 0.5 GWh after further upgrades have taken place. The total investment is expected to be around £5m. Once the transaction completes, DORE’s […]
In QuotedData’s morning briefing 2 September 2024: Premier Miton Global Renewables (PMGR) has announced a non-material change to its investment objective. It says that its Board has considered the Financial Conduct Authority’s Sustainability Disclosure Requirements (SDR) which come into force on 2 December 2024 and has confirmed that pursuant to the SDR’s voluntary labelling regime, […]
