Strategic report / Oakley Capital portfolio
Oakley Funds strategies
OCI is an investor in funds advised by Oakley Capital, which consist of Private Equity and Venture funds investing across four strategies: Venture Capital, Growth Tech, Small-mid Buyout and Mid Buyout.
The Oakley Funds focus primarily on unlisted pan-European businesses, offering shareholders the opportunity to invest in a diversified portfolio of fast-growing private businesses across four sectors: Technology, Business Services, Education and Consumer.
In addition, OCI holds two Direct Investments: North Sails and Time Out. OCI’s investment in North Sails comprises £62 million of unlisted preferred equity and £121 million of unlisted ordinary equity. The preferred equity carries a 5% coupon. At period-end, OCI’s total holding in the listed entity Time Out was valued at £21 million. Read more about our Direct Investments.
OCI
Investing directly in portfolio
OCI Direct
OCI strategy
Direct Investments
OCI has two Direct Investments, separate from Oakley Funds
Valuations:
North Sails
£183m
Time Out
£21m
Total value
£204m
Oakley Funds
Investing across the Company life cycle
Venture Fund Portfolio
Private Equity Portfolio
Fund strategy
Venture Capital
Equity ticket
€1-3m

Equity ticket
€1-3m
Funds
PROfounders III
OCI Total Commitment
€30m
Total Commitments
€77m
Fund strategy
Growth Tech
Equity ticket
$10-25m

Equity ticket
$10-25m
Funds
Touring I
OCI Total Commitment
$115m
Total Commitments
$294m
Fund strategy
Small-mid Buyout
Equity ticket
€30-100m

Equity ticket
€30-100m
Origin Funds
Origin II
Origin I
OCI Total Commitment
€319m
Total Commitments
€1,249m
Fund strategy
Mid Buyout
Equity ticket
€100-250m+

Equity ticket
€100-250m+
Flagship Funds
Fund VI
Fund V
Fund IV
Fund III
Continuation Funds
North Sails CV
OCI Total Commitment
€2,094m
Total Commitments
€9,924m
Investing across four sectors
Technology, Business Services, Education and Consumer
Related content
Oakley Funds overview
In this section, we review each of Oakley's Private Equity and Venture Funds, as well as OCI's Direct investments.
Private Equity Funds
This section provides a performance snapshot of our Private Equity Funds.