Share Price

INVESTORS

Financial Resources

Balance Sheet ($ in millions, except per share) 10/31/2025 9/30/2025
Equity Investments $1,219.0 $1,246.0
Income Investments $22.8 $22.8
Total Direct Investments $1,241.8 $1,268.8
Legacy Private Equity Funds $3.8 $4.1
Total Private Equity Fair Value $1,245.6 $1,272.9
Cash / Liquid Investments $66.8 $55.0
Credit Facility Borrowings ($90.0) ($90.0)
Other $2.2 $1.1
Net Asset Value $1,224.6 $1,239.0
Net Asset Value per Share $27.52 $27.44
Summary of Private Equity Exposure
Private Equity Investment Level 102% 103%
Cash / Liquid Investments + Available Credit Facility $276.8 $265.0
Adjusted Unfunded Commitments $35.5 $34.1
Adjusted Commitment Cover Ratio 780% 777%
Sterling NAV & Trading Information (£)
NAV Per Share £20.95 £20.38
Closing Share Price £15.02 £14.90
Premium (Discount) -28.3% -26.9%

As at 31 October 2025.