From Citywire12 Feb 2021 16:15
Cash Per Share
-151.02p
SVM duo predict active year for Draper Esprit
SVM UK Growth duo Margaret Lawson and Colin McLean believe Draper Esprit (GROW) will see positive activity in its portfolio of unlisted companies this year.
The Citywire A-rated managers of the £176m fund said the £1bn investment company, which backs early-stage growth companies with a focus on technology, has greater exposure to Europe than some of its UK peers, helping to diversify risk.
‘Draper now sees a significant opportunity to invest in the growing European venture capital market, with an accelerated shift to digital, helped by Covid-19,’ said the managers in their latest fund factsheet.
‘We believe that 2021 will bring more activity in Draper’s portfolio; uplifts in funding rounds and initial public offerings. More growth in growing innovative businesses is now happening in private markets and Draper Esprit offers an opportunity to participate in this.’
The trust trades at a premium to its historic net asset value but the SVM managers added that there is ‘potential for uplift and many portfolio companies are growing strongly’.