Here are some of the highlights from the report:

• • Our asset value per share rose from $32.88 as at 31 March, 2023 to $33.45 as at 30 June, 2023. The investor net asset value per share, which is the net asset value less the impact of the performance fee, was $32.29 per share, up from $31.67 at year end

• • Our top 10 investments all recorded annualised revenue of over $2.5 million, with the three non-SaaS businesses easily exceeding $100 million in revenues collectively, while the seven SaaS businesses combining to be over $42 million

• • The trailing 12-month revenue from all companies set another record, at $170.9 million, and the equity-weighted revenue was $58.5 million. We have always seen that growth and size are the two output measures that show the value of a company, and are very happy with the portfolio 

• • We were also happy, after the quarter-end, to receive just under $500,000, mainly from the escrowed returns from the sale of Moxion, as well as a payment from the sale of our Everedge shares.