
By Scott Vincent
June 10 - (The Insurer) - BP Marsh's net asset value rose 42.4% in the financial year ended January 31, 2025, the London-listed venture capital investor said in a stock exchange filing on Tuesday.
The early-stage investment firm said its net asset value stood at 326.4 million pounds ($441.0 million) at the end of the financial year, a 97.2 million pound year-on-year increase.
This followed gains of 21.7 million pounds and 44.0 million pounds, respectively, from the sale of its stakes in Lilley Plummer and Paladin/CBC, which helped its consolidated profit more than double to 104.7 million pounds.
BP Marsh reported an 83.5% increase in the value of its equity portfolio during the 2024 financial year. The portfolio rose in value to 224.1 million pounds after the 65.7 million pounds of net gains from the two disposals and 31.5 million pounds of investments.
Those investments included 28.7 million pounds in its existing portfolio, which included 21.8 million pounds in Pantheon.
The group completed four new investments during the financial year, having received 72 new business inquiries, similar to the 71 received during the previous year.
Chief investment officer Dan Topping said the group maintains a strong pipeline of opportunities and expects to make further investments during the 2025 financial year.