Electra Private Equity reported record investment levels and a five per cent increase in its net asset value for the six month period to end-March.
The UK-based firm said its level of investment for a six month period set a new record despite a competitive market.
Electra invested £250m in businesses including Hotter Shoes, Ogier Fiduciary Services and Innovia Group.
The firm’s net asset value climbed five per cent to 2,914 pence per share, while returns reached 150 pence per share.
Electra saw its share price rise 17 per cent compared with a five per cent total return for the FTSE All-Share.
Electra chairman Roger Yates said, “Electra has started 2014 well with a record level of new investment and strong performance from its investment portfolio.
“Electra aims to produce a return on equity of 10-15 per cent per annum over the long term, and over the past ten years has done just that with an annualised return of 14 per cent.”
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