Today we announce the release of VEF’s 2023 Annual Report. The report offers insights into the VEF portfolio, a comprehensive review of the year alongside management commentary, an in-depth analysis of portfolio company Gringo, highlights from a recent board trip to India, and our annual Sustainability Report.
Reflecting on the past year and outlining VEF’s ambitions going forward, in the report, our CEO Dave Nangle comments:
“2023 was an encouraging transitional year for the venture industry as the universal headwinds of 2022 gradually abated and tailwinds grew as we moved through 2023.
Indeed, 2023 has formed a strong base for a more optimistic outlook for 2024 for the industry, and VEF within it.
Top priority in 2024 is to strengthen our balance sheet. Bond roll-over managed, exits are a high priority. Our goal is to lower our traded discount to NAV and get back on the front foot investing, as we do feel good about this fresh cycle.”
Access the report on our website here.