LONDON (Alliance News) - Oakley Capital Investments Ltd Tuesday reported a fall in its net asset value over the second half of its last financial year, weakened by a fall in the share price of Oakley Capital Private Equity LP's holding in Daisy Group PLC and a weakening of the euro against sterling over the period.
In a statement, the AIM-listed company, which gives investors access to the investment strategy of Oakley Capital Private Equity LP and OCPE Master LP, said its NAV was GBP1.91 per share at the end of June, down from GBP2.00 per share at the end of 2013.
"With a number of interesting potential acquisitions well progressed through the deal pipeline, the investment adviser is confident that Fund II LP [OCPE Master] will make further investments before the end of the year," Chairman Christopher Wetherhill said in a statement.
"Fund I LP [Oakley Capital Private Equity] is now effectively fully invested and the emphasis is on realisations with the investment adviser considering the exit potential in relation to a number of Fund I LP's investments," Wetherhill added.
Oakley Capital Ltd is the investment adviser to Oakley Capital (Bermuda) Ltd, the Bermudian entity whch manages the company and Fund I. Oakley Capital Ltd is the manager's investment adviser with respect to Fund I. Oakley Capital also advises Oakley Capital GP II Ltd with respect to Fund II and its three feeder funds.
Oakley shares were Tuesday quoted up 0.4% at 160.83p.