Chrysalis IT doubles assets in six months as share price increases by a third

£150m cash position

James Baxter-Derrington
clock • 2 min read
Chrysalis co-portfolio managers Richard Watts and Nick Williamson

Chrysalis co-portfolio managers Richard Watts and Nick Williamson

Chrysalis Investments has more than doubled its assets over the six months to 31 March 2021, as the trust approached the billion-pound mark, according to its interim results.

Total net assets rose 108% from £542m to £1.1bn over the period 1 October 2020 to 31 March 2021, with the firm's share price up 35% to 195.5p. Chrysalis £300m initial issue surpasses expectations Net asset value per share was up 28% to 206.15p over the first half of the financial year, largely driven by £250m of net investment gains. The trust also saw more than 70% blended revenue growth year-on-year, thanks to strong performance from key portfolio companies. Cash in the trust stands at approximately £150m, with a total liquidity of over £270m, as the company eyes further inves...

To continue reading this article...

Join Investment Week

  • Unlimited access to real-time news, analysis and opinion from the investment industry, including the Sustainable Hub covering fund news from the ESG space
  • Get ahead of regulatory and technological changes affecting fund management
  • Important and breaking news stories selected by the editors delivered straight to your inbox each day
  • Weekly members-only newsletter with exclusive opinion pieces from leading industry experts
  • Be the first to hear about our extensive events schedule and awards programmes

Join now


Already an Investment Week