We also have: Stories you may have missed from yesterday:
HydrogenOne Capital Growth (HGEN) has published its annual results for the year ended 31 December 2024, reporting solid operational progress across its portfolio but a marked fall in NAV and a hefty drop in share price amid sector-specific and macroeconomic challenges. NAV fell by 12.2% over the year to £116.4m, or 90.39p per share, down […]
BBGI Global Infrastructure (BBGI) has provided an update on the recommended cash offer from Boswell Holdings 3 S.C.Sp. (Bidco), a newly formed vehicle indirectly controlled by British Columbia Investment Management Corporation (BCI). As of 29 April 2025, Bidco has received valid acceptances covering just 2.73% of BBGI’s issued share capital. The offer, which was first […]
GCP Asset Backed Income (GABI) has published its results for the year ended 31 December 2024, marking a year of significant progress in its managed wind-down strategy. Following shareholder approval in May 2024, the company amended its investment policy to focus on an orderly realisation of assets and the return of capital to investors. During […]
CEIBA Investments has published its annual results for the year ended 31 December 2024, highlighting a tough year for the company, driven largely by deteriorating conditions in Cuba and geopolitical developments. The company saw its net asset value (NAV) fall 18.0% in US dollar terms to US$130.0m, with the NAV per share down to US$0.94 […]
Jade Biosciences, a portfolio company of RTW Biotech Opportunities (RTW), has merged with Nasdaq-listed Aerovate Therapeutics. The combined business will continue under the name Jade Biosciences, Inc. and trade on Nasdaq under the ticker JBIO. Jade is a privately held biotech firm focused on developing therapies for autoimmune diseases. Its lead candidate, JADE-001, is expected […]
NB Distressed Debt Investment Fund has published its 2024 annual report, providing an update on realisations, distributions, and plans for the fund’s eventual wind-down. The company reported mixed performance across its share classes during the year, though it says it has entered what it hopes will be the final stage of asset harvesting. Since inception, […]
Phoenix Spree Deutschland, which is undergoing a portfolio realisation programme, reported an uplift in the value of its portfolio over the year to 31 December 2024 – the first since 2022. On a like-for-like basis (adjusted for disposals), the value of its Berlin residential portfolio rose 0.8% in 2024 and 3.2% in the second half […]
HydrogenOne Capital Growth (HGEN) has released its 2024 sustainability report, highlighting progress in greenhouse gas (GHG) emissions reduction and the fund’s ongoing focus on climate-aligned investing. The company, which is the first London-listed fund dedicated to clean hydrogen, continues to position itself as a key player in the energy transition. The report shows that during […]
[QD comment MR: It is good to see one of PPET’s directors making a significant addition to his personal investment in the trust as it both significantly improves alignment with other shareholders and is also a sign of confidence in PPET’s private equity strategy in these times of increased market turbulence.] We also have: Stories […]
Artemis UK Future Leaders (AFL) – formerly Invesco Perpetual UK Smaller Companies Investment Trust – has published its results for the year ended 31 January 2025, marking a turbulent 12-month period during which it underperformed its benchmark and completed a major transition in management. Performance disappoints amid wider sector struggles The trust’s NAV total return […]
Life Settlement Assets (LSA) has released its annual results for the year ended 31 December 2024, navigating another complex year with steady performance despite broader market volatility. The company’s NAV at year-end stood at $101.0m (2023: $111.2m), equivalent to $2.23 per share, unchanged on a per-share basis due to an active share buyback programme which […]
Aquila Energy Efficiency Trust (AEET) has released its annual results for the year ended 31 December 2024, as it continues its managed wind-down. The company’s NAV fell 9.3% over the year to 85.55p per share (2023: 94.28p), with a NAV total return of -2.7% once dividends are included. Shares closed the year at 52.0p, representing […]
Vietnam Enterprise Investments Limited (VEIL) has published its annual report for the year ended 31 December 2024, celebrating its 30th anniversary with solid returns despite emerging global challenges. During the year, VEIL’s NAV rose by 12.2% in US dollar terms, outperforming the Vietnam Index (VNI) by 3.4%. In sterling terms, NAV rose by 14.3%, though […]
RM Infrastructure Income (RMII) has published results for the year to 31 December 2024 – its first full year operating under a managed wind-down strategy, following shareholder approval in December 2023. During the period, the number of loans in the portfolio fell from 31 to 17, with invested capital reducing from £101m to £80m. Net […]
In QuotedData’s morning briefing 29 April 2025: We also have: Stories you may have missed from yesterday
NB Private Equity Partners (NBPE) has announced its audited results for the year ended 31 December 2024, during which it delivered an NAV total return of 1.5%. NAV per share stood at US$27.53 (£21.98) at the year-end, supported by decent operating performance from portfolio companies, with average revenue and EBITDA growth of 8.0% and 13.1% […]
Marwyn Value Investors (MVI) has announced strong results for the year ended 31 December 2024, delivering a NAV total return of +19.4%, significantly ahead of the FTSE SmallCap (ex-IC) Index, which it says returned 13.8%. The share price total return was even stronger at +26.6%. MVI paid £5m of dividends during the year (equivalent to […]
In QuotedData’s morning briefing 28 April 2025: [QD comment MR: We have repeatedly commented how there is significant value in the UK market and particularly in funds such as BGUK that also have a strong growth bias. It is interesting to see large institutional players, such as City of London, taking advantage of this.] We […]
Very few pockets of the investment universe have escaped the tariff turmoil, but could the real estate sector prove a safe haven while volatility and uncertainty prevail? With global markets sent into a tailspin following “Liberation Day” in early April – when the US president imposed penal, “reciprocal” tariffs on every nation in the world, […]
Aquila European Renewables (AERI) has published its annual results for the year ended 31 December 2024, confirming a shift in strategic direction as shareholders approved a managed wind-down of the company in September. The shift in strategy follows continued market headwinds, underperformance across parts of the portfolio, and ongoing structural challenges within the listed renewables […]
Ecofin US Renewables Infrastructure Trust (RNEW) has reported its audited results for the year ended 31 December 2024, marking a difficult period for the company as it navigates a managed wind-down process. The company’s net asset value (NAV) fell by 47.5% during the year to $61.7m (44.7 cents per share), reflecting operational underperformance, asset impairments, […]
In QuotedData’s morning briefing 25 April 2025: [QD comment MR: While the continuation vote passed comfortably, the 10.5% dissent shouldn’t be dismissed. It reflects a degree of shareholder frustration, likely linked to ongoing sector-wide issues such as rising interest rates, wide discounts to NAV, and reduced investor appetite for income-generative infrastructure funds. That said, UKW […]
Supermarket Income REIT (SUPR) has entered into a strategic joint venture (JV) with funds managed by Blue Owl Capital, a leading US alternative asset manager. The JV has been seeded with eight high yielding, omnichannel supermarket assets from SUPR’s existing portfolio, which have been transferred into the JV at a 3% premium to book value […]
Chelverton UK Dividend Trust (SDV) has announced that the proposed placing of new zero dividend preference shares (ZDPs) in 2031 ZDPCo will not proceed due to insufficient demand amid continued market volatility. As a result, the previously proposed Scheme of Reconstruction has also been cancelled. Despite some investor support, the challenging market backdrop has led […]
Syncona Limited (SYNC) has announced that its portfolio company, Mosaic Therapeutics, has in-licensed two clinical-stage assets from Astex Pharmaceuticals, a subsidiary of Otsuka Pharmaceutical Co., Ltd. The deal marks a significant step forward for Mosaic’s targeted oncology strategy and is expected to accelerate the company’s development timeline. The agreement grants Mosaic exclusive rights to develop […]
Bellevue Healthcare Trust (BBH) has announced the adoption of a new zero discount policy, aiming to ensure that its shares trade consistently at or around net asset value (NAV) under normal market conditions. Under the new framework, the company will buy back shares if they trade at a discount to NAV and may issue new […]
In QuotedData’s morning briefing 24 April 2025: We also have: Stories you may have missed from yesterday:
The offer timetable for BBGI Global Infrastructure’s (BBGI) recommended cash acquisition by Bidco, a vehicle indirectly controlled by British Columbia Investment Management Corporation (BCI), has officially resumed after all regulatory conditions were met. The deal, first announced on 6 February 2025, had been paused on 11 April pending UK foreign direct investment clearance under the […]
Gresham House Energy Storage Fund (GRID), the UK’s largest utility-scale battery storage fund, has reported a strong operational recovery in its full-year results for 2024, despite a challenging start to the year. While NAV per share fell 15.3% to 109.35p (from 129.07p in 2023), operational and financial performance strengthened notably in the second half, positioning […]
