(Alliance News) - Oakley Capital Investments Ltd on Wednesday reported that its annual net asset value grew in 2022, as outstanding commitments jumped.

Oakley Capital provides access to Oakley Capital Private Equity funds, which mainly invests in the technology, consumer and education sectors in Europe.

The company said NAV per share at December 31 climbed 23% to 662 pence from 538p a year prior. Total NAV return per share fell to 24% from 35%, however.

Oakley Capital shares were 1.3% higher at 455.90 pence each in London on Wednesday morning.

Outstanding commitments to Oakley Funds as at December 31 surged to GBP929 million from GBP404 million a year ago. The company said it will deploy the money into new investments over the following five years.

Looking ahead, the company said: "The combination of disruptive business models targeting long-term megatrends, including the shift online for businesses and consumers, and global demand for quality education, is expected to continue delivering resilient trading in 2023."

Oakley Capital will release its 2022 results on March 9.

By Tom Budszus, Alliance News reporter

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