Interim report
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ICG ENTERPRISE TRUST Q3 Update For the period to 31 October 2020 Strong performance delivered by actively constructed portfolio Highlights Portfolio performance driving NAV growth Strong underlying investment gains resulted in + 12.1 % local currency portfolio return in the quarter ; + 12.5 % sterling return - High Conviction Investments experienced strong local currency returns of + 17.6 % during the quarter , Third Party Funds generated + 7.6 % local currency returns NAV per share of 1,243.0p ; + 10.7 % total return over the quarter , + 9.6 % total return over the last nine months Realisations at significant uplifts to carrying value Substantial proceeds from realisations and secondary sales of £ 72m in the quarter , including the realisation of the Roompot co - investment alongside PAI VI Total proceeds over the last nine months of £ 166m and a further £ 42m of undrawn commitments released Realisations generated proceeds of £ 94m from 22 full exits ; 40 % uplift to carrying value ; 2.4x multiple to cost , in line with recent historical trend Secondary sales generated proceeds of £ 72m proceeds over nine months and released £ 42m of undrawn commitments Continued investment activity across High Conviction Investments and Third Party Funds Robust deployment in the quarter of £ 30m ; 42 % invested into High Conviction Investments High Conviction Investments increased over the last nine months from 41 % to 46 % of portfolio Three Third Party Funds commitments made in the quarter to top - tier managers Momentum has continued since period end , with a healthy pipeline of High Conviction Investments and Third Party Funds Quarterly dividend of 5p per share Dividends for the nine months total 15p per share Performance to 31 October 2020 NAV per share ( total return ) Share price ( total return ) FTSE All - Share Index ( total return ) 3 months 9 months + 10.7 % + 9.6 % + 4.2 % -13.4 % -3.2 % -20.4 % 1 year 3 years + 11.1 % + 41.2 % -9.8 % + 6.2 % -18.6 % -14.4 % 5 years 10 years + 97.0 % + 202.5 % + 50.9 % + 237.4 % + 8.9 % + 53.7 % 1