HICL Infrastructure (HICL) has resumed buying back its shares on a 22% discount and is near the end of a consultation with nearly half its shareholders since abandoning a merger with InfraRed stablemate The Renewables Infrastructure Group (TRIG) late last year. It will publish its conclusions in May. In a trading update for October to February the company said portfolio performance was in line with expectations and capital spending on growth assets continued to drive growth in earnings. It reaffirmed its full-year 8.35p per share dividend target which it said would be covered 1.1 times by cash generated by the portfolio.

Molten Ventures (GROW) has hired a team to launch a secondaries fund to buy stakes in private equity funds and companies from other investors. Malcolm Ferguson and Nick Sando join from Octopus Ventures alongside Steven Mendel, former founder and CEO of pet insurer ManyPets.

The manager of Seraphim Space (SSIT) exceeded its $100m target for its latest early-stage venture fund to bring assets under management to over $550m. Investors included the British Business Bank, the National Security Strategic Investment Fund (NSSIF) and Saudi Arabia’s ArabSat. The fund is invested in 17 private space tech companies. Seraphim Space Manager chief executive Mark Boggett said the fund strengthens its ability to champion breakthrough technologies shaping the global space economy.

Gresham House Energy Storage (GRID) says net asset value per share dropped 2% to 115.68p in the fourth quarter of last year. The decline, driven by third party forecasts of revenues, reduced the portfolio’s gain to 3.7% in 2025, the first year in its three-year plan to improve shareholder returns.

Cordiant Digital Infrastructure (CORD) intends to move from the specialist fund segment to the main market of the London Stock Exchange to make it easier for index-tracking funds to buy its shares stuck on a 26% discount. A general meeting will be held next month to amend its articles of incorporation. In a fourth quarter trading statement, it said revenue had risen 9.9% to £262.9m in the first nine months of its financial year.

Syncona (SYNC) says 89% of shareholder votes at its general meeting yesterday backed the plan to incentivise the fund manager to sell assets and return £250m to shareholders while setting limits on new investments in early-stage companies.

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