TIDMCHRY
Chrysalis Investments Limited
05 August 2021
The information contained in this announcement is restricted and
is not for publication, release or distribution in the United
States of America, any member state of the European Economic Area,
Canada, Australia, Japan or the Republic of South Africa.
5 August 2021
Chrysalis Investments Limited ("Chrysalis" or the "Company")
UK Government Engagement
The Company's Investment Adviser notes the publication of a
"challenge letter" by the Prime Minister and Chancellor to the UK's
institutional investors, calling for an "Investment Big Bang",
focused on long-term asset classes, including unlisted assets.
See:
https://www.gov.uk/government/news/prime-minister-and-chancellor-challenge-uk-investors-to-create-an-investment-big-bang-in-britain
The Company's Investment Adviser has been engaging with
government, as part of the latter's work on this topic, to put
across its views on market development as one of the UK's
preeminent crossover investors. This includes discussions around
removing barriers to companies listing in the UK, as the Investment
Adviser believes a vibrant IPO market is very beneficial to both
the country's and the Company's prospects.
The Company's Investment Adviser looks forward to the specifics
of the government's plans and will continue to engage with it in
its efforts to develop this market opportunity.
Nick Williamson and Richard Watts (co-Portfolio Managers)
comment:
"While Chrysalis operates predominantly in the private market,
our crossover offering enables us to continue to invest in
businesses after they have entered the public markets. We believe
that a vibrant IPO market is a crucial pillar in driving the UK's
economic recovery and therefore support the Government's initiative
to remove barriers to companies listing in the UK."
"We started to observe a nascent trend several years ago that
there was increased blurring of the lines between public and
private ownership and that businesses were staying private for
longer. Chrysalis was founded to take advantage of this trend, and
to allow individual investors to access high performing ideas,
hitherto the preserve of select institutions."
"Since IPO, Chrysalis can confirm that these trends have
continued to embed themselves in the development of the UK economy,
as well as in its other target markets. The NAV growth of the
Company is testament to the potential opportunities available."
"Substantial returns are available from long-term investing,
particularly when it comes to "tech-enabled disrupters". We are
firm in our conviction that broadening ownership of these exciting
assets will benefit the wider UK investor community. We therefore
welcome the government's ambitions to encourage more of the
investment in this space to come from British investors."
"To be credible, investment institutions will need to
demonstrate their relevance to potential investee companies they
wish to partner with. Chrysalis' own proposition is based on the
fund managers' substantial track record of supporting a variety of
tech-enabled, listed businesses, as well as its significant
position as a major UK IPO player. In addition, the Chrysalis brand
is now generating its own deal flow."
"The last few years' work has left the Company exceptionally
well positioned to continue to pursue its goal of backing
exceptional companies and to provide the long-term support they
need to continue to grow successfully. We believe the emphasis
being placed on these long-term assets by government will only be
of benefit to Chrysalis' growth prospects."
-ENDS-
For further information, please
contact:
Media: +44 (0) 20 3770 7920
Montfort Communications chrysalis@montfort.london
Charlotte McMullen/ Toto Reissland-Burghart/
Miles McKechnie
Jupiter Asset Management:
Magnus Spence +44 (0) 20 3817 1325
Liberum:
Chris Clarke / Darren Vickers
/ Owen Matthews +44 (0) 20 3100 2000
Numis:
Nathan Brown/ Matt Goss +44 (0) 20 7260 1000
Maitland Administration (Guernsey)
Limited:
Elaine Smeja / Aimee Gontier +44 (0) 1481 749364
LEI: 213800F9SQ753JQHSW24
A copy of this announcement will be available on the Company's
website at
https://www.chrysalisinvestments.co.uk/
The information contained in this announcement regarding the
Company's investments has been provided by the relevant underlying
portfolio company and has not been independently verified by the
Company. The information contained herein is unaudited.
This announcement is for information purposes only and is not an
offer to invest. All investments are subject to risk. Past
performance is no guarantee of future returns. Prospective
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other professional advice before making any investment decision.
The value of investments may fluctuate. Results achieved in the
past are no guarantee of future results. Neither the content of the
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END
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