Highlights for six months to 31 March 2016
Continued strong performance: NAV per share of 4,405p, a total return of 15% in a period where the FTSE All-Share has returned 4%
Total NAV per share return for the twelve months to 31 March 2016 of 28%
Investment return of £299 million, or 18% on the opening portfolio for the six months
Investment return of £517 million or 35% of the opening portfolio for the twelve months to 31 March 2016
Portfolio company profit growth and cash generation have driven performance as Electra Partners' proven active ownership model has accelerated their development
Particularly strong performance from Parkdean Resorts, AXIO Data Group, Elian and The Original Bowling Company
Realisations of £384 million (24% of opening investment portfolio) showing that performance is being captured in cash returns
£203 million invested or committed; investment rate in line with plan
Implementing plans to develop a portion of the portfolio with a predictable cash yield: Debt portfolio now £59 million
£185 million of net liquid resources which in conjunction with the multi-currency credit facility leaves substantial scope for further investment
Strong pipeline of opportunities across Buyouts and Co-investments, Secondaries and Debt
Successful completion of Electra Partners' long-term succession plan
Interim dividend of 44p per share, an increase of 16% on the prior year and in line with the distribution policy
NAV per share total return of 228% over ten years, equivalent to a ten-year annualised return of 13% which is in the upper part of the long-term target of 10-15%
Share price total return of 182% over ten years
Review of strategy initiated including portfolio performance reporting
