Business
ICG Enterprise Trust Plc: Preliminary Results f...
ICG Enterprise Trust Plc: Preliminary Results f....
About this update from Icg Enterprise Trust Plc Gbp
[{"type":"text","content":"\n \n \n ICG Enterprise Trust Plc: Preliminary Results for the twelve months ended 31 January 2022\n \n \n \n \n ICG Enterprise Trust plc\n 12 May 2022\n Preliminary Results for the twelve months ended 31 January 2022\n \n \n Defensive growth; long\n -\n t\n erm value\n \n \n \n \n Highlights\n \n NAV of £1.2bn, equal to NAV per Share of 1,690p (31 January 2021: 1,384p)\n NAV per Share Total Return of 24.4% in the year (FY21: 22.5%)\n Portfolio delivering strong performance: Portfolio Return on a Local Currency Basis of 29.4% (Sterling return 27.6%)\n Realisation Proceeds of £333.5m, including £210.5m from 54 Full Exits at an average Uplift To Carrying Value of 36.3%\n Executed on an attractive investment pipeline: £303.7m of investments in the year, 61.1% into High Conviction Investments\n Fourth quarter dividend of 9p per share brings full year dividend to 27p, an increase of 12.5% on FY21\n Focus on investing in companies with defensive growth characteristics positions ICG Enterprise Trust well to navigate uncertain market conditions\n \n \n \n \n \n \n \n \n \n Oliver Gardey\n Head of Private Equity Fund Investments, ICG\n \n \n \n \n This has been a very successful year for ICG Enterprise Trust, generating significant value and making attractive new investments. At 31 January 2022, the NAV per Share stood at 1,690p, representing NAV per Share Total Return of 24.4% for the year.We have extended our track record of delivering strong growth in our Portfolio, generating a 29.4% Portfolio Return on a Local Currency Basis over the Last Twelve Months. This represents our 13th consecutive year of double-digit growth. These returns reflect strong underlying performance of our investments, as well as our continued track record of realising assets at a significant Uplift To Carrying Value.We and our managers continued to identify attractive opportunities to make new investments. During the year we invested £304m and made new primary Commitments to funds totalling £190m. During periods of elevated transaction activity, as we saw over the last year, selection and judgement are even more crucial. I am proud of the dedicated team within ICG Enterprise Trust, who maintained a disciplined approach to constructing a portfolio for defensive growth.We are well-positioned to navigate periods of uncertainty, with a diversified Portfolio that ref...