Share Price

INVESTORS

Financial Resources

Balance Sheet ($ in millions, except per share) 1/31/2026 12/31/2025
Equity Investments $1,198.8 $1,186.2
Income Investments $15.4 $15.4
Total Direct Investments $1,214.2 $1,201.5
Legacy Private Equity Funds $3.8 $3.8
Total Private Equity Fair Value $1,218.0 $1,205.3
Cash / Liquid Investments $81.2 $91.6
Credit Facility Borrowings ($90.0) ($90.0)
Dividend Payable ($20.3) -
Other ($2.7) ($3.3)
Net Asset Value $1,186.3 $1,203.6
Net Asset Value per Share $27.63 $27.80
Summary of Private Equity Exposure
Private Equity Investment Level 103% 101%
Cash / Liquid Investments + Available Credit Facility $291.2 $288.5
Adjusted Unfunded Commitments $42.4 $35.5
Adjusted Commitment Cover Ratio 687% 812%
Sterling NAV & Trading Information (£)
NAV Per Share £20.13 £20.94
Closing Share Price £15.36 £15.70
Premium (Discount) -23.7% -25.0%

As at 31 January 2026.