HgCapital Trust reports a continued strong net asset value performance in the six months to the end of June driven by double-digit revenue and profit growth. NAV per share rose by 12.1% on a total return basis compared with a 4.3% rise in the FTSE All-Share Index. The company's share price was up 10.8%. Chairman Roger Mountford said: "The quality of the trust's portfolio, and the high rates of growth in sales and profits being achieved, provide evidence of the potential for continuing, consistent growth in value for the benefit of shareholders. "The HgCapital 7 fund is now more than 70% drawn and the Board and the Manager have therefore been in dialogue to discuss the commitment that the Board will make on behalf of the trust to continue to invest alongside HgCapital's institutional clients in its next vintage of mid-market buyouts. The Board has indicated to the Manager an appetite to commit some £350 million to its HgCapital 8 fund when fundraising begins."
+8.00p (+0.56%)delayed 18:15PM