Strategic report / Portfolio activity in 2026
Investments and refinancing
This section summarises movements in investments in the first six months of 2026, including material new investments and investment refinancing. Amounts shown are on an OCI look-through basis.
Portfolio activity / New investments in 2026
Material new investments made during the period are included below1

Senef
£9m
In February, Oakley Origin II invested in Senef, a French provider of cloud vertical software solutions. Origin II's investment will support Senef's next phase of growth, through continued product innovation, including the integration of advanced automation and AI capabilities.

GB1
£7m
In January, Oakley Origin II invested in GB1, the British America's Cup team founded by Sir Ben Ainslie. The investment supports GB1's long-term participation in future America's Cup cycles and the continued development of the world's most prestigious high-performance sailing competition.
Portfolio activity / Refinancing 2026
Material refinancing activity during the period is included below1
North Sails
£6m
In June, North Sails CV completed a refinancing of North Sails. As a result, OCI received a £6 million cash distribution.
1. Comprises portfolio activity where OCI's look-through value exceeds £5 million.
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