Listed and authorised fund investments
Information as per 31 March 2023 annual report
| Investment | Investment type | Carrying value | Income return * | Property type / underlying security |
|---|---|---|---|---|
Sequoia Economic Infrastructure Income Fund Limited |
Listed equity |
£2.2m |
5.7% |
Listed investment fund |
GCP Infrastructure Investments Limited |
Listed equity |
£1.1m |
6.7% |
Listed investment fund |
GCP Asset Backed Income Fund Limited |
Listed equity |
£1.0m |
6.1% |
Listed investment fund |
Total |
|
£4.3m |
6.0% |
|
* Yield on equity based on 12 months to 31 March 2023
The Company invested a total of £6.0 million (value as at 31 March 2023: £4.3 million) across three investments that offered potential to generate attractive risk adjusted returns. Current market volatility and rise in interest rates has impacted the capital value of these investments. The investment yield offers a potentially accretive return to holding cash while the Company deploys capital in opportunities in line with its investment strategy. These funds invest in ungeared long-dated leased real estate, debt and infrastructure.
During the year, the Company fully divested £5.3 million from a further investment, delivering an 8.1% capital return over the holding period.
