HgCapital Trust plc has this morning released an upbeat trading update for the 12 months ending 31st December 2024. Bucking the trend of other listed PE trusts, the firm has seen a rerating of its shares from a discount to NAV of 13% to a premium of 2%.

Net assets stood at £2.5 billion as at 31 December 2024, representing an estimated NAV per share of 544.1 pence. This growth was driven predominantly by strong trading performance in the underlying portfolio.

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