Share Price

INVESTORS

Financial Resources

Balance Sheet ($ in millions, except per share) 11/30/2025 10/31/2025
Equity Investments $1,200.0 $1,219.0
Income Investments $19.0 $22.8
Total Direct Investments $1,219.0 $1,241.8
Legacy Private Equity Funds $3.8 $3.8
Total Private Equity Fair Value $1,222.9 $1,245.6
Cash / Liquid Investments $78.5 $66.8
Credit Facility Borrowings ($90.0) ($90.0)
Other $0.8 $2.2
Net Asset Value $1,212.2 $1,224.6
Net Asset Value per Share $27.67 $27.52
Summary of Private Equity Exposure
Private Equity Investment Level 101% 102%
Cash / Liquid Investments + Available Credit Facility $288.5 $276.8
Adjusted Unfunded Commitments $35.5 $35.5
Adjusted Commitment Cover Ratio 812% 780%
Sterling NAV & Trading Information (£)
NAV Per Share £20.88 £20.95
Closing Share Price £15.70 £15.02
Premium (Discount) -24.8% -28.3%

As at 30 November 2025.