Share Price

INVESTORS

Financial Resources

Balance Sheet ($ in millions, except per share) 9/30/2025 8/31/2025
Equity Investments $1,246.0 $1,265.6
Income Investments $22.8 $22.8
Total Direct Investments $1,268.8 $1,288.3
Legacy Private Equity Funds $4.1 $4.1
Total Private Equity Fair Value $1,272.9 $1,292.4
Cash / Liquid Investments $55.0 $58.7
Credit Facility Borrowings ($90.0) ($90.0)
Other $1.1 $1.2
Net Asset Value $1,239.0 $1,262.3
Net Asset Value per Share $27.44 $27.79
Summary of Private Equity Exposure
Private Equity Investment Level 103% 102%
Cash / Liquid Investments + Available Credit Facility $265.0 $268.7
Adjusted Unfunded Commitments $34.1 $34.1
Adjusted Commitment Cover Ratio 777% 788%
Sterling NAV & Trading Information (£)
NAV Per Share £20.38 £20.57
Closing Share Price £14.90 £14.00
Premium (Discount) -26.9% -31.9%

As at 30 September 2025.