Literacy Capital CEO Richard Pindar presented at the Proactive One2One Investor Forum about the company’s investment strategy, performance, and outlook.
Pindar began by outlining the history of Literacy Capital, which was created in 2017 and listed on the London Stock Exchange in 2021. He explained that the fund has a focused mandate to invest in and grow smaller UK private businesses. “We quite deliberately run quite a concentrated portfolio,” Pindar said, noting that portfolio concentration comes from the success of investee companies rather than large upfront allocations.
He highlighted the company’s charitable mission, with more than £12 million donated to literacy charities since inception. The CEO also emphasised that he and his co-founder own about 40% of the fund, aligning their interests with shareholders.
On investment strategy, Pindar explained that Literacy Capital targets businesses at the smaller end of the private equity market where competition is lower and entry prices more attractive. He cited recent investments in software and manufacturing, and the successful exit of Velociti, which generated a nearly 15-times return and a 70% IRR.
The company reported strong long-term performance, with net assets up more than 420% per share since inception. Despite softer trading in 2024, Pindar said first-half 2025 NAV rose 5.5%, and that the trust has significant liquidity for new investments.
#LiteracyCapital #PrivateEquity #UKInvesting #InvestmentTrust #RichardPindar #ProactiveInvestors #PortfolioGrowth #BusinessExits #InvestorUpdates #UKMarkets
