Investment company news brought to you by Citywire Financial Publishers Limited and Quoted Data by Marten & Co.

RIT Capital looks to cut private equity exposure after 2023 derating

Rothshchild-backed global multi-asset fund RIT Capital Partners will cut private investments to between a third and quarter of assets after investor concerns saw the shares suffer last year.

RIT Capital looks to reduce private investments exposure as prospect of realisations improves

RIT Capital says that its NAV total return for the year ended 31 December 2023 was 3.2%. There was quite a big dispersion of returns by asset class wi...

Triple Point Energy Transition publishes wind down proposals

Triple Point Energy Transition has published a circular convening a meeting to approve its managed wind down proposals. approval will be sought from S...

Apax Global Alpha pleads case for continuation as vote looms

Apax Global Alpha says that its NAV return for the year ended 31 December 2023 was 4.1%. This is a long way behind the return on the MSCI World Index ...

QuotedData’s morning briefing 5 March 2024 – GABI, AAIF, HOME

In QuotedData’s morning briefing 5 March 2024: The shareholder consultation exercise that GCP Asset Vacked Income (GABI) was undertaking in connection...

Hipgnosis: Merck ‘clearly overpaid’ as SONG suffers 33% writedown

Hipgnosis Songs dividends will not resume as board urgently prioritises debt repayment after new valuer knocks $700m off songs portfolio run by Merck Mercuriadis, raising speculation Blackstone, backer of his firm, could bid.

Digital 9: Lenders back Verne disposal that should free £25m a year

Digital 9 Infrastructure clears first hurdle in its wind-down as lenders agree to sale of data centre operator Verne Global which should clear most of the fund’s £375m debts.

Segro £907m fund raise and Tritax rent rises point to logistics revival

Strong tenant demand for ‘Big Box’ logistics properties and a lack of supply are encouraging developers and investors although interest rate uncertainty continues to weigh.

Abrdn Property: Custodian slams Urban’s rival offer as risky

Ahead of Abrdn Property Income’s shareholder vote on 20 March, Custodian Property Income claims its recommended all-share offer is ‘superior’ to Urban Logistics.

SONG slides as valuation cut by third, dividends suspended indefinitely

Royalty fund’s board says dividends will not be reinstated as it urgently prioritises debt repayment after Shot Tower Capital, its new valuer, knocks $700m off the songs portfolio.

Bellevue Healthcare Trust has another year of underperformance

Bellevue Healthcare Trust (BBH) released its annual report for the 12 months ending 30 November 2023. Over the period BBH reported a negative NAV tota...

Digital 9 Infrastructure provides an update on its debt repayment

The board of Digital 9 Infrastructure (DGI9) has provided a progress update on the closing conditions required for the sale of the Verne Global group ...