Share Price

INVESTORS

Financial Resources

Balance Sheet $ in millions, except per share 31/12/2021 30/11/2021
Equity Investments $1,385.1 $1,446.7
Income Investments 124.8 127.4

Total Direct Investments $1,509.9 $1,574.1
Legacy Private Equity Funds 13.5 13.8

Total Private Equity Fair Value $1,523.4 $1,587.9
Cash 116.5 76.4
Credit Facility Borrowings - -
ZDPs (162.0) (157.7)
Other Assets / Liabilities (Net) (39.2) (41.1)

Net Asset Value $1,438.7 $1,465.5
Net Asset Value Per Share $30.76 $31.34
Capital Position 31/12/2021 30/11/2021
Investment Level 106% 108%
Cash + Available Credit Facility 416.5 376.4
Adjusted Unfunded Commitments 71.4 81.5

Adjusted Commitments Coverage Ratio 583% 462%
Sterling NAV & Trading Information (£) 31/12/2021 30/11/2021
NAV Per Share £22.71 £23.69
Closing Share Price £18.50 £17.60
Discount to NAV (18.5%) (25.7%)

As at 31 December 2021.