Investment trust Oakley Capital Investments, a private equity fund of funds investment trust, experienced a total NAV return per share of 24% in 2022.
The £1.2bn trust said the portfolio uplift was driven mostly by EBITDA growth, responsible for 65% of the figure, and 35% through "multiple expansion driven primarily by exits". The trust invests in Oakley Capital Private Equity funds, which invest in the technology, consumer and education sectors in Europe. It saw five exits worth £234m last year, at an average of five times gross money multiple and an average premium to carrying value of 70%. Asset managers prepare for staff reductions and streamlined product offerings in challenging 2023 OCI, which plans to report its annual ...
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