Oakley Capital Investments

Oakley Capital Investments

Annual report 2023

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Oakley Capital Investments

Annual report 2023

Corporate site
  • Strategic report Strategic report
    • Strategic report
    • At a glance
    • Why invest in OCI?
    • Key performance indicators Key performance indicators
      • Key performance indicators
      • OCI KPIs
      • Oakley Funds KPIs
      • Oakley PE Portfolio KPIs
    • Other metrics
    • Business model Business model
      • Business model
      • Who we are
      • Oakley Capital Investments
      • Oakley Capital (advisers)
    • Portfolio activity Portfolio activity
      • Portfolio activity
      • Key new investments
      • Key realisations & refinancings
    • Chair's statement
    • Oakley PE Portfolio overview
    • Investment Adviser's report
    • Oakley Fund strategies
    • Oakley Touring Venture Fund
    • Oakley Capital PROfounders Fund III
    • Oakley Funds overview Oakley Funds overview
      • Oakley Funds overview
      • Oakley Fund V
      • Oakley Fund IV
      • Oakley Fund III
      • Oakley Funds I and II
      • Oakley Origin II
      • Oakley Origin I
      • Oakley Touring I
      • Oakley Capital PROfounders III
    • Direct investments
    • OCI NAV overview OCI NAV overview
      • OCI NAV overview
      • OCI NAV overview
      • Value movement in 2023
      • Funding profile of Oakley Funds
      • OCI's underlying investments (look-through basis)
    • Sector focus: Technology Sector focus: Technology
      • Sector focus: Technology
      • Technology overview
      • Technology portfolio
    • Sector focus: Consumer Sector focus: Consumer
      • Sector focus: Consumer
      • Consumer overview
      • Consumer portfolio
    • Sector focus: Education Sector focus: Education
      • Sector focus: Education
      • Education overview
      • Education portfolio
    • Sector focus: Business Services Sector focus: Business Services
      • Sector focus: Business Services
      • Business Services overview
      • Business Services portfolio
    • Strategy in action Strategy in action
      • Strategy in action
      • Technology: Alerce
      • Consumer: Gymondo
      • Education: Affinitas Education
      • Business Services: Liberty Dental Group
    • Sustainability and ESG Sustainability and ESG
      • Sustainability and ESG
      • Letter from the Head of Sustainability
      • Our ESG priorities
      • Our responsible investment process
    • ESG in action ESG in action
      • ESG in action
      • ESG in action: North Sails
      • ESG in action: IU Group
      • ESG in action: PRI
    • Our principal risks and uncertainties
    • Stakeholder reporting
  • Governance Governance
    • Governance
    • Composition of the Board
    • Board of Directors
    • Corporate governance Corporate governance
      • Corporate governance
      • Governance focus in 2023
      • Corporate governance statement
      • Corporate governance principles
    • Audit Committee report
    • Risk Committee report
    • Management Engagement Committee report
    • Nomination Committee report
    • Governance, Regulatory and Compliance Committee report
    • Remuneration Committee report
    • Remuneration report
    • Directors’ report
    • Investment policy
    • Statement of Directors’ responsibilities
    • Alternative Investment Fund Manager’s Directive
  • Financial statements Financial statements
    • Financial statements
    • Independent Auditor's Report
    • Consolidated statement of comprehensive income
    • Consolidated balance sheet
    • Consolidated statement of changes in equity
    • Consolidated statement of cash flows
    • Notes to the Consolidated Financial Statements Notes to the Consolidated Financial Statements
      • Notes to the Consolidated Financial Statements
      • 1. Reporting entity
      • 2. Basis of preparation
      • 3. Material accounting policies
      • 4. Critical accounting estimates, assumptions and judgement
      • 5. Financial risk management
      • 6. Investments
      • 7. Net gains (losses) from investments at fair value through profit and loss
      • 8. Disclosure about fair value of financial instruments
      • 9. Segment information
      • 10. Cash and cash equivalents
      • 11. Trade and other receivables
      • 12. Trade and other payables
      • 13. Interest income
      • 14. Expenses
      • 15. Tax
      • 16. Earnings per share
      • 17. Net Asset Value per share
      • 18. Share capital
      • 19. Dividends
      • 20. Commitments
      • 21. Borrowings
      • 22. Related parties
      • 23. Events after balance sheet date
  • Other information Other information
    • Other information
    • Directors and advisers
    • Glossary and Alternative Performance Measures
    • Shareholder information
    • About this digital report
    • Downloads
    • Downloads
  • At a glance

    Strategic report

    At a glance
  • Why invest in OCI?

    Strategic report

    Why invest in OCI?
  • Portfolio activity

    Strategic report

    Portfolio activity
  • Chair's statement

    Strategic report

    Chair's statement
  • Corporate governance

    Governance

    Corporate governance
  • Consolidated statement of comprehensive income

    Financial statements

    Consolidated statement of comprehensive income

Strategic report / Why invest in OCI?

Available to all

 

Historically, private equity has been walled off from retail investors – it’s right there in the name. But listed private equity means anyone can access this market. Private equity invests its funds in privately owned businesses across all sectors, from recognisable household names to companies with significant growth potential. The private equity funds' adviser helps these companies maximise their value during the shareholding period.

Buying shares in a listed private equity company provides access to the performance of the private companies they back. OCI’s partnership with Investment Adviser, Oakley Capital, has delivered sustained, strong performance over the years and has helped build credibility for the listed private equity sector. An important contribution to the democratisation and availability of this wider asset class.

 

Watch video: What is listed private equity?

Strategic report / Why invest in OCI?

Valuable partner

 

The success of OCI’s investment adviser, Oakley Capital (‘Oakley’), is built on proprietary origination – more than 75% of deals are secured uncontested.

Central to the ability to repeatedly source and execute attractive deals is Oakley’s entrepreneurial culture. Oakley was conceived by entrepreneurs to be the partner of choice for entrepreneurs and this spirit lies at the heart of the firm’s culture. Investing with a focus on building deep, long-standing relationships across the Oakley network over the last 20 years has laid the foundations for future growth as the firm benefits from their help in sourcing, unlocking and executing deals, and driving value creation across the portfolio.

 

Watch video: Finding the best investments

Strategic report / Why invest in OCI?

Sector-focused growth across the cycle

 

Returns are primarily driven by profit growth in a diversified portfolio of fast-growing private businesses across four defined Oakley investment strategies.

Their business models are predominantly focused on tech-enabled services and resilient, recurring revenues that have delivered strong trading performance.

The Oakley Funds' portfolio has enjoyed strong, sustained earnings growth, benefitting from accelerating long-term trends such as the increasing adoption of digital solutions by businesses and consumers, and growing demand for quality, accessible education.

 

Watch video: How do you create value?

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Annual report 2023 (Full PDF)
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Annual report 2023 (iXBRL)
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