The portfolio continues to produce attractive returns, building on its performance over one, three, five and ten years.
Performance has been driven by strong operating performance of the underlying portfolio, and a consistently high level of realisations at both uplifts to carrying value and multiple of cost.
Five-year annualised return on direct equity investments
Uplift to carrying value on IPOs/realised investments over the last five years
Aggregate multiple of cost on realised investment over the last five years
As at 31 December 2022.