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Investment Companies News

Investment companies are companies set up to make investments on behalf of their shareholders (also called closed-end funds and, in specific circumstances, investment trusts).

19 Jan 2023
inside a forest of moss covered trees

Foresight Sustainable Forestry achieves full deployment of IPO proceeds

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 […]

Sectors
19 Jan 2023
view of Neuberger Berman's office at night

QuotedData’s morning briefing 19 January 2023

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 […]

18 Jan 2023
James Cook

Management changes at JPMorgan Global Growth & Income

JPMorgan Global Growth & Income (JGGI) has announced that James Cook (pictured) is joining its portfolio management team to work alongside current portfolio managers, Helge Skibeli and Tim Woodhouse, while Rajesh Tanna, a co-portfolio manager since 2019, is moving on to focus on other portfolio management responsibilities within JPMorgan Asset Management. JGGI says that James, […]

Sectors
18 Jan 2023
a coffee cup next to an alarm clock

QuotedData’s morning briefing 18 January 2023

In QuotedData’s morning briefing 18 January 2023: BH Macro (BHMG/BHMU) has announced that it is contemplating an equity raise in response to strong demand for its shares. It says that this would help satisfy further market demand and improve liquidity, alongside spreading its fixed costs across a wider share capital base. Further details will be […]

Sectors
17 Jan 2023
black tea, cereal and half a grapefruit

QuotedData’s morning briefing 17 January 2023

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% […]

Companies
16 Jan 2023

Ruffer annual results

Ruffer Investment Company (RICA) released its annual results for the 12-month period ending December 2023. Ruffer generated a NAV total return of 8.0% and share price total return of 7.3%. Its since inception return of 7.8% is ahead of UK equities but with a much lower level of volatility and drawdowns. The driver of Ruffer’s […]

Sectors
16 Jan 2023

TwentyFour Select Monthly Income Fund annual results

TwentyFour Select Monthly Income Fund (SMIF) has released its annual report for the financial year ending 30 September 2022. Over the twelve-month period TwentyFour Select Monthly Income reported a NAV total return of -18.94%, below its target return of 8-10%. A total dividend of 6.39p was declared over the financial year, meeting the trust’s target […]

Sectors
16 Jan 2023

QuotedData’s morning briefing 16 January 2023

In QuotedData’s morning briefing 16 January 2023: ThomasLloyd Energy Impact Trust (TLEI) has announced that it has successfully completed the acquisition of the remaining 57% economic interest in SolarArise India Projects Private Limited, taking its total ownership to 100%, having purchased the initial 43% in August 2022. The consideration of $38.5m was funded from existing […]

13 Jan 2023
QuotedData’s weekly news show 23rd June 2023 with Jonathan Hick from Triple Point Energy Transition

QuotedData’s weekly news show 13th January 2023

Thank you to everyone that listened in today, whether you watched the Zoom live, on Facebook or on YouTube. In this week’s show, James Carthew covered the week’s top stories: • Digital 9 Infrastructure (0:47) • AT85 Infrastructure (11:51) This week’s interview was with Thao Ngo from Vietnam Enterprise – watch it again here. previous […]

Sectors
13 Jan 2023
230113 Japan

QD view – Unloved Japan worth a look

A defining feature of 2022 was the strength of the US dollar, which shaped asset class returns for many investors over the year. The slump in the yen grabbed fewer headlines, but has been an important factor for the performance of Japanese equities. Its reversal may drive Japan’s financial markets in the year ahead. At […]

Sectors
Companies
13 Jan 2023
230113 AGA Duck Creek

Apax Global Alpha boost from Duck Creek sale

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 […]

13 Jan 2023
a coffee pot and a mug, good morning from QuotedData

QuotedData’s morning briefing 13 January 2023

In QuotedData’s morning briefing 13 January 2023: Marble Point Loan Financing says that Investcorp, a leading global alternative investment firm, has effective today acquired Marble Point Credit Management LLC, the fund’s investment manager. We also have news of a disposal by Apax

12 Jan 2023

Supermarket Income REIT acquires £196m stake in Sainsbury’s portfolio

Supermarket Income REIT has acquired a further 25.5% stake in a portfolio of Sainsbury’s supermarkets for £196m, resulting in its ownership of the joint venture increasing to 51%. The company bought the stake in the joint venture portfolio of 26 stores from British Airways Pension Trustees Limited. The remaining 49% interest in the portfolio is […]

Sectors
12 Jan 2023
someone reading a newspaper with a piece of toast and a mug of coffee next to them

QuotedData’s morning briefing 12 January 2023

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 […]

11 Jan 2023
digital9 infrastructure logo

Digital 9 Infrastructure highlights significantly increased growth capital expenditure pipeline

Digital 9 Infrastructure (DGI9) has released a trading update that covers its performance to the 30 September 2022. The key highlights are as follows: The Group’s diversified portfolio of eight high-quality data centre, subsea fibre, and wireless network assets (together, the “Investee Companies”) has performed strongly during the period to 30 September 2022. The Company […]

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  • UK
Sectors
11 Jan 2023
a notepad and pen sitting next to a cup of coffee in a blue cup and saucer

QuotedData’s morning briefing 11 January 2023

In QuotedData’s morning briefing 11 January 2023: PRS REIT (PRSR) provided a trading update for the quarter to 31 December 2022 in which it completed 57 new rental homes brining the company’s portfolio to 4,913 as at 31 December 2022. The delivery programme is around 85% complete, with 613 additional homes contracted and at various […]

10 Jan 2023
221121 AT85 ITF

AT85 – here we go! prospectus out today

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 […]

Sectors
10 Jan 2023
Impact Healthcare REIT

Impact Healthcare REIT acquires £56m care home portfolio

Impact Healthcare REIT has acquired a portfolio of six care homes for £56m, which will partly be paid in cash and partly with an issue of new shares to the vendor Morris Care Limited. The portfolio has 438 beds, of which 400 have en suite bathrooms, with five homes in Shropshire and one in Cheshire. […]

Sectors
10 Jan 2023

NextPower III makes first investments in Greece

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, […]

10 Jan 2023
a cup of tea, a croissant and some magazines

QuotedData’s morning briefing 10 January 2023

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 […]

Companies
09 Jan 2023

QuotedData’s morning briefing 9 January 2023

In QuotedData’s morning briefing 9 January 2023: Downing Strategic Micro-Cap (DSM) has announced a cash exit facility, share buybacks, and subsequent strategic review. The board has previously announced its intention to offer shareholders a 50% share redemption opportunity in May 2024 at NAV. Should the cash exit facility be fully subscribed and, as a result, […]

Companies
09 Jan 2023
Henderson Diversified Income Trust - Shift to onshore 1

Henderson Diversified Income held back by investment grade overweight

Henderson Diversified Income (HDIV) has released its interim results for the six-months ended 31 October 2022. Over the period, Henderson Diversified generated a NAV total return of -10.4% and a share price total return of -10.6%, compared to the -6.9% of its benchmark (a blend of 60% global high yield credit, 25% global investment grade […]

Sectors
06 Jan 2023
230106 m&a

QD view – REIT consolidation on the cards in 2023

One of the worst performing sectors in 2022 was property as the cheap borrowing taps were turned off and an abrupt end of a decade of quantitative easing saw interest rates and market expectations jump above prime property yields. It sent the share prices of most real estate investment trusts (REITs) on a downward spiral […]

Sectors
06 Jan 2023
230106 GCL Dignity Plc

Castelnau doubling down on Dignity with revised possible offer of 525p in cash

Dignity Plc, the UK funeral services provider, which is Castelnau Group’s (CGL’s) largest holding, saw its share price jump following announcement on Wednesday 4th January, after the market had closed, that Dignity’s board was minded to recommend a revised possible offer from a consortium comprising SPWOne V Limited and Castelnau Group Limited. The offer is […]

Sectors
05 Jan 2023
BGUK

Scottish Mortgage stock stories: Redwood Materials

The transition to electric transportation is key for tackling climate change. Scottish Mortgage’s Claire Shaw discusses how challenges facing this sector make battery recycling companies like Redwood Materials worth investing in. Capital at risk. Watch the film

05 Jan 2023
BGUK

Scottish Mortgage stock stories: Redwood Materials

The transition to electric transportation is key for tackling climate change. Scottish Mortgage’s Claire Shaw discusses how challenges facing this sector make battery recycling companies like Redwood Materials worth investing in. Capital at risk. Watch the film

04 Jan 2023
230104 rcoi clean energy fuels

Riverstone Credit finances renewable natural gas firm

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 […]

04 Jan 2023
a coffee cup next to an alarm clock

QuotedData’s morning briefing 4 January 2023

In QuotedData’s morning briefing 4 January 2023: On 30 December 2022 Alvarium RE Limited entered into an agreement to sell Alvarium Home REIT Advisors Limited (AHRA), the investment advisor to Home REIT (HOME), to a newly formed entity owned by the management of AHRA funded by way of a promissory note. These arrangements were made […]

03 Jan 2023
side view of a container ship on a calm sea

QuotedData’s morning briefing 3 January 2023

Happy New Year to our readers. In QuotedData’s morning briefing 3 January 2023: Tufton Oceanic Assets (SHIP) has agreed to sell its last containership, the Riposte, for $13.0m (about equal to its depreciated replacement cost), following which its fleet will consist of twenty-two vessels. The realised net IRR on the Riposte exceeds 12%. In aggregate, the […]

Companies
29 Dec 2022
221222 christmas morning

QuotedData’s morning briefing 29 December 2022

In QuotedData’s morning briefing 29 December 2022: PRS REIT (PRSR) has secured a short-term extension to its £150m revolving credit facility with Lloyds / RBS, which matures in February 2023. The extension has been secured for the period to 14 July 2023 at the same margin above the three-month SONIA rate as the existing arrangements. […]

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