Following Hg Capital’s results, Jim Strang, the Chairman of the Board, summarises the progress of the trust over the last year. Portfolio company performance has been remarkably resilient with the trust’s top 20 companies generating 25-30% revenue and EBITDA growth over the last year and this is reflected in a 5% NAV uplift. Jim explains how portfolio health has allowed the team to seek out new investments while three successful exits at an average of 3.9 times the cost of investment have returned over £400m to shareholders. The fact that these businesses were  also sold above the level of last valuation is an indication of robust process and underlying performance.

Recorded in March 2023.

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