30th Jul 2014 12:43
LONDON (Alliance News) - Better Capital PCC, a limited liability, closed-ended investment company, Wednesday said that its 2009 Cell's net asset value, including distributions of GBP26.5 million, fell by GBP31.2 million, or 10.7%, in its last financial year, while that of its 2012 Cell grew by GBP19.0 million, or 7.96%, excluding the net proceeds of last summer's fundraising.
Better Capital has two protected cells: the Better Capital 2009 Cell, which invests through BECAP Fund LP, known as Fund I, in a portfolio of distressed businesses, and the Better Capital 2012 Cell which invests through BECAP 12 Fund LP, known as Fund II, in businesses with "significant operating issues" and may have financial distress.
By Samuel Agini; [email protected]; @samuelagini
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