ICGT reported another strong half-year, with an NAV per share total return of 10.9% and sterling portfolio returns of 12.4% (local currency 7.4%). Total proceeds and new investments were strong, at £107m and £144m, respectively. At this stage of the cycle, disciplined net investment is expected, capitalising on attractive opportunities, especially in secondaries. ICGT saw an average 25.2% exit uplift, despite the challenging market conditions. Investment remains focused on businesses with good r ....
10 Nov 2022
ICG Enterprise Trust Plc (ICGT): 1H’23 and beyond: safe harbour in the storm
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ICG Enterprise Trust Plc (ICGT): 1H’23 and beyond: safe harbour in the storm
ICG Enterprise Trust PLC GBP (ICGT:LON) | 1,208 0 0.0% | Mkt Cap: 804.9m
- Published:
10 Nov 2022 -
Author:
Mark Thomas -
Pages:
19
ICGT reported another strong half-year, with an NAV per share total return of 10.9% and sterling portfolio returns of 12.4% (local currency 7.4%). Total proceeds and new investments were strong, at £107m and £144m, respectively. At this stage of the cycle, disciplined net investment is expected, capitalising on attractive opportunities, especially in secondaries. ICGT saw an average 25.2% exit uplift, despite the challenging market conditions. Investment remains focused on businesses with good r ....