HgCapital Trust plc stated that HgT delivered solid performance over the first six months of the year. The portfolio continued to experience strong underlying trading performance over the period with sales and EBITDA across the top 20 investments growing at 19% and 26% respectively. The Group said strong portfolio trading continued to be the main driver of performance, contributing to a total return NAV increase of 6.4%, closing the period at 527.9 pence NAV per share and net assets of 2.4 billion pounds.
HgT said the combination of the long-term nature of listed private equity investment with the types of business that it invests in, and robust double-digit growth in trading is expected to continue to drive long-term performance.
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