Share Price

INVESTORS

Financial Resources

Balance Sheet ($ in millions, except per share) 30/6/25 31/5/25
Equity Investments $1,235.7 $1,227.1
Income Investments $23.4 $24.3
Total Direct Investments $1,259.1 $1,251.4
Legacy Private Equity Funds $4.2 $4.1
Total Private Equity Fair Value $1,263.3 $1,255.5
Cash / Liquid Investments $74.0 $75.2
Credit Facility Borrowings ($90.0) ($90.0)
Other $0.7 $0.4
Net Asset Value $1,248.0 $1,241.2
Net Asset Value per Share $27.42 $27.24
Summary of Private Equity Exposure
Private Equity Investment Level 101% 101%
Cash / Liquid Investments + Available Credit Facility $284.0 $285.2
Adjusted Unfunded Commitments $32.7 $32.5
Adjusted Commitment Cover Ratio 868% 877%
Sterling NAV & Trading Information (£)
NAV Per Share £20.01 £20.20
Closing Share Price £14.24 £14.20
Premium (Discount) -28.8% -29.7%

As at 30 June 2025.