Share Price

INVESTORS

Financial Resources

Balance Sheet $ in millions, except per share 31/05/2022 30/04/2022
Equity Investments $1,344.8 $1,318.4
Income Investments 116.7 116.1

Total Direct Investments $1,461.5 $1,434.5
Legacy Private Equity Funds 11.6 13.2

Total Private Equity Fair Value $1,473.1 $1,447.7
Cash 68.1 64.1
ZDPs (153.3) (152.2)
Other Assets / Liabilities (Net) (5.9) (3.3)

Net Asset Value $1,382.1 $1,356.3
Net Asset Value Per Share $29.55 $29.00
Capital Position 31/05/2022 30/04/2022
Investment Level 107% 107%
Cash + Available Credit Facility 368.1 364.1
Adjusted Unfunded Commitments 66.7 67.1

Adjusted Commitments Coverage Ratio 552% 543%
Sterling NAV & Trading Information (£) 31/05/2022 30/04/2022
NAV Per Share £23.45 £23.10
Closing Share Price £15.15 £15.75
Discount to NAV (35.4%) (27.9%)

As at 31 May 2022.