Chrysalis: Portfolio funding risk 'substantially reduced' amid progress towards profitability

1.4% quarterly NAV uplift

Chrysalis Investments has spent the last twelve months working with its portfolio companies to enhance their profitability and raise capital, resulting in a “substantial” reduction in the portfolio’s funding risk, the managers said today (4 May).

In its quarterly NAV and trading update, co-portfolio managers Richard Watts and Nick Williamson said the funding profile of the £734m trust had "significantly" improved, with 74% of the portfolio either profitable or funded to profitability as of March 2023, up from 42% a year earlier.  "We have worked hard alongside our portfolio companies to address their ability to navigate the retrenchment in growth valuations seen over the last 15 months, and the subsequent decrease in investor appetite to consider growth stocks," they said.  "Major progress has been made in this regard, with co...