Why invest in AGA?
Access to a portfolio of 'hidden gems', mostly companies you can't buy elsewhere.
Mostly private companies, many of which were acquired by the Apax Funds in control buyouts not accessible to shareholders elsewhere. The majority of these businesses operate globally, in coveted categories, in four attractive sectors.
Shareholders also get exposure to a smaller portfolio of debt that generates income towards the dividend and additional returns.
“All-weather” strategy well-suited to generate alpha
The vast majority of value creation in private equity is driven by operational improvement. Earnings growth and achieving a re-rating against peers, rather than market tailwinds, drive the value of portfolio companies to yield superior returns for investors.
Robust balance sheet, strengthened by portfolio of debt
Capital not invested in private equity is deployed into a smaller portfolio of debt to generate income towards the dividend and additional returns for AGA.
Attractive dividend policy
The Board recognises the importance of returning cash to shareholders and, at IPO, AGA implemented a dividend policy to distribute 5% of NAV p.a. to shareholders.