Oakley Capital Investments Ltd on Wednesday said net asset value per share rose annually and quarterly, while noting its portfolio companies continue to trade ‘robustly’ on a quarterly basis.

OCI is an investment company aiming to provide consistent, long-term returns in excess of the FTSE All-Share Index by investing in funds managed by Oakley Capital Ltd. The Oakley funds invest primarily in unquoted, profitable, pan-European businesses across four sectors: technology, consumer, education and business services.

Net asset value per share on September 30 was 679 pence, representing a NAV per share total return of positive 2.5% from 663p on June 30 and up 4.5% from 650p.

OCI said the key contributors to the total NAV return include valuation gains in the underlying portfolio companies and in foreign exchange gains.

‘The underlying companies in the portfolio continue to trade robustly in what remains an uncertain economic environment. This reflects their resilient business models, typically asset-light with recurring revenues, strong market positioning and conservative leverage, as well the strength of the megatrends they invest behind,’ the company said.

Shares in Oakley Capital were up 1.0% to 426.12p each in London on Wednesday morning.

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