Strategic report / Portfolio KPIs
Portfolio key performance indicators
The following KPIs represent the performance of OCI's underlying Private Equity Funds, comprising the Origin series which covers Small-mid buyout, and the Flagship series which covers Mid buyout. The Venture Funds comprising Touring I and PROfounders III, cover Growth Technology and Venture Capital respectively. These have been excluded from the information below as the performance of the Venture Funds is measured differently to the Private Equity Funds given the difference in strategy. Please see the Venture Funds section for more performance information.
Net debt/EBITDA ratio
4.1x
Importance
Represents the leverage of the underlying investments in which OCI indirectly invests, and the extent to which earnings cover net debt.
Performance
The Net debt/EBITDA ratio of OCI’s underlying portfolio continues to decrease, representing a cautious approach to leverage across the portfolio.
LTM EBITDA growth
15%
Importance
Demonstrates the organic earnings growth of the underlying portfolio companies, which drives the performance of OCIs investments.
Performance
LTM EBITDA growth has increased against the prior year despite the macro-economic uncertainties for the majority of the year, representing the robust operating performance of the underlying portfolio.
EV/EBITDA multiple
16.4x
Importance
Helps investors determine the drivers of value in the company's underlying portfolio.
Performance
EV/EBITDA multiple remained stable at 16.4x reflecting a measured approach to valuation.
Average entry multiple
13.5x
Importance
A key metric in helping investors understand the cost of acquisitions.
Performance
Average entry multiples increased compared to 2023 with new investments being in sectors which typically see higher entry multiples.
Please see Glossary for definition of OCI’s key performance indicators.
Related content
Private Equity Funds
This section provides a detailed review of our flagship Private Equity Funds.
PROfounders III
In this section, we summarise the PROfounders III Fund and provide a review of each of its portfolio companies.
Touring I
In this section, we summarise the Touring I Fund and provide a review of each of its portfolio companies.