Our financial report for 3Q24 is now published. Valuation tailwinds outweighed headwinds as USD NAV increased 9%, to USD 475.0 mln, QoQ in 3Q24. Portfolio performance, peer market multiples and FX movements all played a net supportive role in our NAV development during the quarter.
VEF CEO, Dave Nangle, comments:
“We reiterate our mantra into 3Q24: that the investment world we play in continues to trend positively with each passing quarter. With a majority of our portfolio reaching break-even early in the year, 2024 has become a year to reignite growth. Additionally, we are seeing improving capital flows through the ecosystem. Our goal over the coming quarters is to benefit from the return to growth and improving capital flows to deliver tangible proof points of the quality of our portfolio and the NAV marks we have them valued at.”
Access the report in the IR section of our website here.