VEF CEO Dave Nangle recently presented at the Redeye Investor Forum, sharing an update on VEF, our portfolio and the road ahead.
Key takeaways:
🔹Strong portfolio momentum – continued growth across the portfolio, with an increasing focus on profitable and capital-efficient growth
🔹Creditas is a key example, combining accelerating growth off a self-sustaining base, with significant efficiency gains, increasingly supported by AI
🔹Exit momentum is proving the NAV – more than $50m of exits over the past two years, largely at or around carrying values, provides tangible validation of VEF NAV while generating liquidity for the balance sheet
🔹A transformed balance sheet – reduced leverage and a new, more flexible and lower-cost credit facility
🔹Capital allocation shifting to shareholders – with deleveraging largely complete, share buybacks are becoming an increasing priority at the current discount to NAV in-line with future exits
Watch the full presentation here:
https://lnkd.in/dKjZQMj6