Share Price


A portfolio of direct equity investments in private companies diversified across industry, vintage year and underlying private equity manager.

Portfolio Performance

The portfolio continues to produce attractive returns, building on its performance over one, three, five and ten years.

Performance has been driven by strong operating performance of the underlying portfolio, and a consistently high level of realisations at both uplifts to carrying value and multiple of cost.


Five-year annualised return on direct equity investments


Uplift to carrying value on realised and partially realised investments over the last five years


Aggregate multiple of cost on realised investment over the last five years

As at 30 June 2024.