17th Jul 2015 06:41
LONDON (Alliance News) - FTSE 250-listed Electra Private Equity PLC on Friday said its performance against its benchmarks was mixed in the first quarter, as it invested broadly the same amount as it realised.
Electra said its total return in the three months to the end of June was 2%, against a 4% rise for the Morningstar Private Equity Index and a 2% decline for the FTSE All-Share Index. Its total share price return for the year to the end of June was 20%, ahead of the 18% return on the Morningstar index.
The group invested GBP30 million in the quarter and realised GBP26 million, with GBP101 million of liquid resources on its books.
"Electra Partners has continued to make progress in implementing its value creation strategies across the portfolio. The board is delighted with the manager's performance and with the prospects for Electra's portfolio," said Chairman Roger Yates.
By Sam Unsted; [email protected]; @SamUAtAlliance
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