30th Jan 2025 14:56
(Alliance News) - Oakley Capital Investments Ltd on Wednesday said its portfolio demonstrated resilience in 2024 despite macroeconomic headwinds, with net asset value rising modestly and total returns reflecting stable valuations across its holdings.
The London-based investment firm, which provides access to funds managed by Oakley Capital, reported a net asset value per share of 695 pence as of December 31, equating to total NAV of GBP1.23 billion.
NAV per share grew 2% for the year, or 6% when excluding the impact of foreign exchange movements.
Oakley Capital Investments said the strongest contributions to NAV growth came from IU Group NV, Phenna Group Management Ltd, Dexters Group Ltd, Bright Stars Nursery Group Ltd, and Steer Automotive Group Ltd, with 75% of valuation gains driven by earnings growth.
The portfolio remained active throughout the year, with GBP299 million in investments made across new platform deals, follow-on investments, and venture capital opportunities. Meanwhile, it realised GBP179 million from asset sales and refinancings.
Looking ahead, Oakley Capital Investments said it expects stronger NAV growth from its portfolio of "founder-led, disruptive businesses" with non-discretionary revenues, noting that its investment approach focuses on scaling businesses with long-term value creation potential.
The company ended the year with GBP225 million in available liquidity, including GBP103 million in cash and GBP122 million in undrawn credit facilities. Outstanding commitments to Oakley's funds totalled GBP646 million, which will be deployed over the next five years.
It will publish its full-year results for 2024 on March 13.
Shares in Oakley Capital Investments were up 0.6% to 489.00 pence in London on Thursday, having closed down 1.8% on Wednesday.
By Eva Castanedo, Alliance News reporter
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