Oakley Capital Investments has reported a net asset value of GBP1.95 per share at 30 June 2013, up from GBP1.81 per share as at 31 December 2012, an increase of eight per cent, and up 12 per cent compared 30 June 2012.
Oakley Capital Investments is the AIM-listed company established to provide investors with access to the investment strategy being pursued by Oakley Capital Private Equity.
There were three realisations by the limited partnership in the six months ended 30 June 2013 achieving a gross money multiple for the limited partnership of 3.2x and an IRR of 58.8 per cent and returning GBP34.0m to the company.
Peter Dubens, director, says: “The positive momentum in NAV that we reported at the year-end has continued into the current financial year and we are pleased to be able to report an increase in this key metric of eight per cent since the year end and 12 per cent year on year. Our divestments in the period have generated strong returns and IRR’s for the limited partnership and consequently for the company.
“The portfolio companies have remained remarkably resilient during the economic downturn, reflecting the continuing strength of their market positions and value propositions. Our focus and financial strength has now created an investment brand that entrepreneurs can trust, and work in partnership with, to drive growth whilst generating strong IRRs and NAV growth.”
