Investment Trusts
Oakley Capital Investments is a listed investment company giving shareholders access mainly to private-equity funds managed by Oakley Capital. The portfolio is concentrated in founder-led European businesses in technology, education, consumer and business-services markets.
Investment in Oakley private-equity funds, direct co-investments and selected growth investments, with returns generated through portfolio-company growth, refinancings, disposals and fund distributions.
Predominantly European mid-market private equity, with exposure to digital businesses, education, consumer brands and technology-enabled services.
Portfolio earnings growth, successful exits, private-market valuations, cash distributions from Oakley funds, deployment into new funds and narrowing of the share-price discount to NAV.
Illiquid private assets, valuation uncertainty, sizeable undrawn commitments, weak exit markets, portfolio-company leverage, sector concentration, foreign exchange and a persistent discount to NAV.
30 July 2026: estimated NAV was 782p per share at 30 June, giving a 6% total NAV return since December 2025. OCI reported £155m of available liquidity and roughly £640m of outstanding commitments; interim results on 10 September should provide more detail on exits, valuations and the 2026 buyback programme.
OCI no longer follows a regular cash-dividend policy. From 2025 the Board shifted capital returns towards share buybacks, judging repurchases at a wide discount to NAV more accretive; the previous dividend programme has therefore been discontinued for now.
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