Private holdings cause biggest knock to Chrysalis NAV

NAV down 41%

Private assets have contributed to the lion's share Chrysalis Investments’ net asset value per share decline, its latest trading update revealed.

Since 30 June 2022, the trust's NAV is down 9.6% and 41% lower for the financial year to 30 September 2022. Chrysalis said private assets contributed to a 71.86p decline in the NAV per share over the year, more than double the listed assets portion (31.9p). In total, the trust's unaudited NAV was 147.79p as of the end of the period. Chrysalis' private equity portion has been an ongoing subject of interest around the trust after concerns were raised earlier in the year about its liquidity. So much so that in the last update, the trust's managers Richard Watts and Nick Williamson addres...