Molten Ventures (LON:GROW) reported a 13% gross portfolio net fair value movement for the year, rising from 5% the previous year, and recorded a gross portfolio value of £1.5 billion and a net asset value (NAV) of just over £1.3 billion as of the end of the financial year. This included approximately £300 million in write-ups and £120 million in valuation reductions.
Chief Executive Ben Wilkinson highlighted ongoing opportunities in sectors like defense, space, and artificial intelligence, stressing a persistent “structural gap to capital” in the growth-stage market, particularly for investments over £20 million. The company has successfully completed more than £250 million in cash realizations from its portfolio since March 2024, alongside new investments totaling £89 million into companies including Duel and General Index.
Looking ahead, Molten aims to scale third-party capital with the goal of raising at least £200 million for its growth fund and €150 million for its secondaries strategy. The portfolio’s emphasis on fintech continues, representing 25% of total value, with significant holdings in companies like Revolut, which accounted for £175 million of fair value at year-end.
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