18th Dec 2015 13:37
LONDON (Alliance News) - GCP Infrastructure Investments Ltd, which primarily invests in UK infrastructure debt, on Friday reported a total return for its financial year ended September 30 of 9.5% and total return since its initial public offering in 2010 of 67.9%.
Advised by Gravis Capital Partners LLP, the fund advanced GBP220.2 million in loans, secured against UK renewable energy, social housing and private finance initiative (PFI) projects, with a further GBP25.5 million post year end. The fund increased the number of investments in its portfolio to 40 at the end of the year from 36.
"The company's investment portfolio has performed robustly, accruing an average yield of c.9.0% throughout the year, with the operational and construction performance of the projects that support the company's investment portfolio being materially in line with expectations," Chairman Ian Reeves said.
Shares in GCP Infrastructure were up 0.2% at 120.64 pence on Friday afternoon.
By Samuel Agini; [email protected]; @samuelagini
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