Spacetech fund reports buoyant growth with assets hitting £221m
Defined as the world’s first listed fund focused on spacetech, Seraphim Space Investment Trust reported a 26 per cent growth in net assets to £221m in its quarterly results this morning.
The investment trust had amassed a portfolio of 17 investments with a value of £99m by the end of September, and it net asset value per share increased 6 per cent to 104p.
“We are encouraged by the performance of the portfolio in the short period since the company’s IPO,” said Mark Boggett, chief executive.
“The spacetech investment market remains buoyant, with record levels of private investment. The investment community and wider world is now increasingly recognising both the attraction of spacetech’s long term growth potential and the unique role it can play in helping to address some of our most pressing challenges.”
The company floated on the London Stock Exchange in July and is currently valued at 124p per stock.