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Puma Property Finance has today announced that Senior Manager, Sarah Milne has been appointed as the business’s first Head of Impact. This new role reflects Puma’s continued commitment to encouraging sustainability in the construction industry through its ongoing partnership with UCL’s Bartlett School of Sustainable Construction and recent launch of its Impact Lending Framework. 

Puma Property Finance appoints new Head of Impact

At Puma Capital Group, celebrating diversity across our business is really important to us. Our recent International Women’s Day event was a great opportunity to put a spotlight on how much has been done to ensure women are represented and how much still needs to be achieved. 

Driving the difficult conversations – International Women’s Day 2024

Puma Property Finance has reinforced its commitment to funding essential social infrastructure in underserved areas across the UK, with new development loan facilities to two of the UK’s leading care home developers taking the total value of care homes funded to over £500m.

Puma Property Finance has funded over £500m of new build care homes

Isabela Castro, Head of Legal at Puma Capital Group

Isabela Castro shares her experiences as a female leader within Puma Capital Group this International Women's Day

In Q4 2023, the Puma AIM IHT model portfolio increased by +9.98%, outperforming both the FTSE AIM All-Share Index, which increased by +5.11%, and the FTSE All-Share Index, which increased by +2.54%. Since inception in July 2014, the cumulative performance of the model portfolio has increased by +96.90%, outperforming both the FTSE AIM All-Share Index (-2.81%) and the FTSE All-Share Index (+17.55%). 

Market outlook from Dr Stuart Rollason, Investment Director, Puma AIM IHT portfolio

Puma Property Finance has announced the launch of its Impact Lending Framework (‘the Framework’). The Framework has been established to provide direct financial benefits to property developers across the UK who are implementing measures in their vision and designs that deliver meaningful and impactful change. 

Puma Property Finance launches Impact Lending Framework

Puma Private Equity has led a £10 million investment round into Transreport, the UK’s fastest-growing accessibility technology company.  The investment will support the growth of its popular Passenger Assistance technology app as it seeks to expand the reach of the system to more users and wider modes of transport and industries.

Puma Private Equity leads £10m funding round for Transreport, the UK’s fastest-growing accessibility technology company

Puma Investments has opened a new £15 million fundraise for Puma Alpha VCT, with an overallotment facility for a further £5 million. The fundraise offers an opportunity for investors to gain exposure to a diversified portfolio of scale-up, high potential businesses with the aim of providing attractive but stable returns.

Puma Alpha VCT launches £15m fundraise

Dupe Ige joined us for a 12-week internship with the Puma Private Equity team. She successfully gained her place with us through the Future VC programme for which we are proud partners. Here, Dupe reflects on her experiences with the team and what the internship meant to her.

Dupe Ige reflects on her experience with Puma Private Equity through the Future VC internship programme

As we reflect on 2023, it has been a challenging environment for many scale-up companies. Management teams have increasingly faced headwinds in growing their businesses such as rising inflation and energy costs. Interest rates have risen significantly this year, although stabilised more recently, and all of these factors have served to knock both business and consumer confidence.

2023 – a year in review

Puma Property Finance today announces it has provided a facility of approximately £13m to develop a care home and children’s day nursery in the residential area of Bowdon, South Manchester. The loan will fund the development of a 51-bed care home, with each bedroom benefiting from an en-suite wet-room, and an adjoining children’s day nursery with approximately 90 places.

Puma Property Finance signs £13m loan to fund intergenerational development in Bowdon, Manchester

What are the benefits of using a VCT manager that undertakes a sector agnostic approach? Ben Leslie of Puma Private Equity examines why this investment strategy can be the winning ticket for boosting diversification, weathering market volatility and can lead to significant value creation within a portfolio.

How a sector agnostic approach can benefit your VCT portfolio

Our CEO David Kaye talks to Money Marketing about his journey from barrister to CEO of an investment business with over £1bn AUM.

David Kaye, CEO of Puma Capital Group, talks to Money Marketing about his path from barrister 

Puma Private Equity has led the £3.4 million Series A extension round into specialist cycle and e-mobility insurer, Bikmo to accelerate European expansion and drive product innovation. With the European cycling market growing rapidly, the B Corp certified specialist insurer protects over 75,000 riders in the UK, Ireland, Germany and Austria and is currently focusing on expanding into other European markets and supporting multinational partners.


Puma Private Equity leads £3.4 million funding round for specialist bike insurer, Bikmo

Property lenders need to better report their performance on a range of environmental, social and governance (ESG) practices, finds a new report released by UCL researchers. 

UCL report - Property lenders feel pressure to meet ESG requirements

We are really proud to announce that we have signed the Inspiring Diversity in Property Pledge, in association with Property Week.

Puma Property Finance signs ‘Inspiring Diversity in Property’ pledge

Puma Private Equity has led the £8.3m series B investment round into global tailor-made holidays brand and managed marketplace, TravelLocal.  Existing investors, Active Partners and Gresham House Ventures also participated in the round and the investment will help to accelerate the company’s international growth.

Puma Private Equity leads £8.3 million Series B round for global travel marketplace, TravelLocal 

Katie Priddis and Ellie Kakoulli have joined Puma as Head of PR and Investor Services & Operations Director, respectively, as we continue to expand our offering focused on delivering long-term sustainable growth for investors and partners.

Puma appoints two senior hires to head up PR and Investor Services & Operations functions

We are thrilled that Puma Capital Group is now officially one of the Top 100 UK’s Best Workplaces in Financial Services & Insurance 2023, as recognised by Great Place To Work UK.

Puma Capital Group named one of the Top 100 UK’s Best Workplaces in Financial Services & Insurance 2023

Puma Investments has opened a new £50 million fundraise for Puma VCT 13, with an over-allotment facility for a further £20 million. The fundraise offers an opportunity for investors to gain exposure to a diversified portfolio of scale-up, high potential businesses with the aim of providing attractive but stable returns.

Puma VCT 13 launches new £50m fundraise to support scale-up, high potential businesses

Through the 10,000 Black Interns programme, Tia Archer spent a summer with Puma, and here she shares what the experience meant to her.

Tia Archer shares her experience with the 10,000 Black Interns programme, at Puma

Puma Capital Group has today become one of the first investment groups in the country to install R;pple across all its computer networks, strengthening its commitment to employee mental health and suicide prevention. 

Puma Capital Group partners with R;pple in commitment to suicide prevention

For many scaling businesses, expanding to the US can be a real aspiration. After all, the US is home to more than 331 million people, and offers minimal language barriers, a strong regulatory and legal framework, as well as access to an array of global resources and plentiful labour supply. The US is also the UK’s single largest export market, and estimates suggest more than 35,000 UK businesses already export their goods and services to the US.

Lessons learnt in expanding to the US

This weekend marks ten years since AIM shares could be bought and held within ISAs. On the tenth anniversary of the change, what has this meant for investors and for the AIM market?

10 years on: the impact of AIM shares within ISAs

Puma Private Equity has led a successful $10m growth funding round for digital account provider, Pockit. 

Puma Private Equity leads $10m growth funding round for digital account provider, Pockit

The UK venture capital space is crucial to the economic growth of the UK through investment into high growth potential businesses – we therefore welcome the report from the Treasury Committee and their recommendation to urgently implement an extension beyond April 2025 on the EIS and VCT sunset clauses. 

Puma welcomes venture capital recommendations from latest Treasury Committee report

Puma Private Equity has invested in IoT SaaS platform Thingtrax’s £4.3m Series A funding round. The investment will fuel the company’s expansion by means of strategic partnerships, team scaling, and broaden the customer base across Europe and US.

Puma Private Equity invests in manufacturing performance platform, Thingtrax’s £4.3m Series A funding round

Puma Property Finance is providing funding to Angela Swift Developments for the development of a new 64-bed care home facility in St Helens, Merseyside. 

Puma Property Finance funds new purpose-built care home development in St Helens, Merseyside

Puma Property Finance has provided a facility of £47m for a 237-unit Build-to-Rent development in central Manchester.

Puma Property Finance signs largest ever loan to fund Build to Rent scheme in Manchester

Paul Frost, Managing Director of Puma Property Finance, discusses how the property finance market can fuel the adoption of more sustainable development and his company’s recent partnership with UCL.

Funding the Green Revolution – the role of the property finance market is driving sustainable construction 

Puma is proud to be participating in the 10,000 Black Interns scheme, a programme which creates opportunities for underrepresented young Black talent, through paid internships across 25+ sectors.

Puma participates in the 10,000 Black Interns scheme

David Kaye talks to FT Adviser about whether pensions are more viable solution now to estate planning challenges

The scrapping of the lifetime pension allowance (LTA) on 6th April 2023 was an unexpected move from the UK government that was broadly well-received amongst the pensions and investments industry. Individuals now have the ability to save into their pensions without the concern of additional tax charges should the limit be breached. However, with IHT receipts continuing to rise, do pensions now provide the wholesale solution for the estate planning challenges that individuals currently face? 

Does scrapping the LTA make pensions a solution to estate planning challenges?

The Build to Rent (BTR) sector can be a significant contributor to the UK’s economic growth. This was the focus of a pack-out panel discussion at UK REiiF featuring industry leaders who shared their insights on the potential of the BTR sector. 

The Potential of Build to Rent (BTR) in the UK's Economic Growth: Insights from Industry Leaders

We are committed to addressing diversity, equity and inclusion in all forms, and on an ongoing basis, and we are proud supporters and allies of the LGBTQ+ community during Pride month and all year round. 

Pride at Puma

Renowned talent solutions provider for young people, Connectr, launches Green Skills Workforce Coalition to educate and provide access to green jobs.

Connectr announces launch of Green Skills Workforce Coalition and latest research on sentiment towards green jobs

Puma Property Finance  is providing a development facility for Glenmore’s most recent purpose-built student accommodation (PBSA) project in Dundee.

Puma Property Finance and Glenmore Group partner on new £25 million student accommodation project in Dundee

Eliot Kaye, Managing Director, shares his thoughts with Property Week on the strength of the purpose-built student accommodation (PBSA) market. 

Puma’s Eliot Kaye on opportunities for developers in the strong student market

Puma Investments completes a record fundraise and deployment of funds in a bumper year for VCTs.

David Kaye reflects on a record fundraise and deployment of funds for Puma VCT

Puma Capital Group (Puma) has announced the appointment of Tej Shah, Head of Finance, Amy Coburn, Group Legal Counsel and Mark Lyons, Investment Director.  

Puma Capital Group continues growth with the appointment of three key hires

David Kaye, Puma CEO, and Joseph Cornwall, Investment Manager, feature on an episode of The Advice Show titled Puma Investments: 'We're bullish on wealth firms for their service, not their scale'.

Puma CEO, David Kaye and Investment Manager, Joseph Cornwall talk on the Advice Show podcast about being bullish on AIM-listed wealth firms

The transition from start-up to scale-up is an incredibly exciting time for young businesses. A landmark of success, it signals the point in a company’s journey where it has established proof-of-concept, a product/market fit and is now moving towards commercially scaling the business.

Why we work with scale-ups and not start-ups

Puma Private Equity has completed an investment into IRIS Audio Technologies (IRIS Audio) as part of a Series A funding round alongside existing investors.

Puma Private Equity invests £5.5 million into audio technology specialists, IRIS Audio Technologies

Speaking on the net zero carbon target looming over the UK and our recent announcement of our partnership with UCL and The Bartlett School of Sustainable Construction UCL, our Managing Director Paul Frost talks to Bridging & Commercial’s Andreea Dulgheru.

Paul Frost talks to Bridging and Commercial about our partnership with UCL and the growing drive for more sustainable construction in the built environment

Puma Investments announces Puma VCT 13 has raised £50 million from investors reaching total target capacity for the tax year. 

Puma VCT 13 hits £50 million fundraising maximum capacity, marking Puma’s largest single VCT fundraise to date

The profile of investors in Venture Capital Trusts (VCTs) has evolved, largely driven by the mass affluent. Importantly, though, the majority are not considered to be high-net-worth individuals (HNWs.) That seems entirely reasonable, as, according to HMRC’s 2022 Venture Capital Trusts statistics, published in January 2023, those investing £10,000 or less have represented the largest group of VCT investors.

VCT’s evolving client profile: take another look at your client bank

Puma Private Equity, the specialist growth investor, has announced the appointment of Mark Lyons as Investment Director, as the business looks to expand its presence in the North of England. Puma operates in the scale-up to Series A space, providing equity investment of £2m to £10m to help ambitious businesses accelerate their growth plans.

Puma Private Equity hires new Investment Director to expand presence in North of England

As a supporter of scaling businesses and a champion of female founders, we were delighted to welcome guests to our recent Female Founders event. Here's the summary of what we discussed.

Puma Private Equity runs an event with leading female entrepreneurs and founders to support scaling businesses and champion female founders

Puma Private Equity has provided a funding to LNT Care Developments Group, the UK’s largest care home developer. The funding will create over 190 beds across the three developments, taking the total number of beds Puma has funded to-date to over 2,000.

Puma Property Finance surpasses 2,000 care home beds funded in a 3-loan deal with  the UK’s largest care home developer 

Eliot Kaye shares his perspectives on what the outcome could mean for developers in the midst of building and planning.

Eliot Kaye talks to React News about the impact of proposed legislation to introduce second staircases in residential buildings

This International Women’s Day, the chosen theme is ‘embracing equity’ and with that in mind, our Chief People Officer, Tarinee Pandey, explains the poignant differences between equity and equality.

Tarinee Pandey, CPO at Puma Capital Group gives her views on the importance of equity in the workplace for International Women’s Day 2023

Puma Property Finance, the specialist development finance lender, had made a series of new hires and promotions as it continues to expand its UK business. The company provides first charge lending to professional developers and property investors of between £10 – £50 million for projects across the country in all major sectors including residential, student accommodation, commercial, healthcare and light industrial.

Following a bumper year, Puma Property Finance continues its with new hires and a series of promotions

Puma Private Equity has completed a €3.7 million investment into HR Duo as part of a €4.5 million round alongside existing investors. HR Duo, the Irish HR tech company headquartered in Dunshaughlin, Co. Meath, will use the investment to accelerate product development, grow its workforce, and drive international expansion.

Puma Private Equity continues to grow its portfolio with a €3.7m investment into HR software specialist, HR Duo

An article featuring Eliot Kaye, Managing Director at Puma Property Finance

Eliot Kaye talks to Inside Conveyancing about the growth and opportunities for developers in Purpose Built Student Accommodation (PBSA)

Puma Property Finance partners with UCL to establish UK’s first research centre focused on delivering sustainable solutions in the construction industry.

Puma Property Finance signs exclusive partnership with UCL to establish the UK’s first centre of excellence for sustainable construction

Puma Private Equity, the specialist growth investor, has today announced three promotions to Investment Director and several new additions to the team as it continues to develop its UK business. The team, who operate in the scale-up to Series A space, provide equity investment of £3m to £10m to help ambitious businesses accelerate their growth plans.  

Puma Private Equity expands its team with a number of new appointments and promotions to help support its growth in scaling UK businesses

James Craig gives his view on value creation in private equity and the process of increasing the value of our portfolio companies through strategic change and guidance.

James Craig, Portfolio Value Creation Lead for Puma Private Equity, gives his views on value creation in portfolio companies 

Puma Property Finance and Vita Group partner on new student accommodation scheme in the heart of Belfast with £24m deal

The development, directly opposite Blackhorse Lane station, will see the creation of 273 residential living units as well as new commercial co-working areas and a flexible performing arts events space.  The scheme is being developed by a joint venture between Scape Living, one of the UK’s largest providers of ‘Living’ units, and Dutch pension giant APG.  As of December 2022, Scape Living received consent for the enhanced scheme and construction is expected to commence no later than Q2 2023.

£50m loan to Scape Living for transformational co-living, commercial and events space in East London

The 2021 Investment Life & Pensions Moneyfacts Awards adviser survey is now open. The survey allows advisers to nominate their top three providers across a wide array of services, ranging from VCTs through to pension and insurance providers.

Vote for us in the 2021 Investment Life & Pensions Moneyfacts Awards

Puma Private Equity has exited Rosebourne after its acquisition. Since 2016, they supported the brand with multiple funding rounds totalling £6.7m.

Puma Private Equity exits contemporary garden centre business, Rosebourne

Puma Property Finance provides a £33m development finance facility to transform an iconic Basingstoke building into a green workspace. 

£33m development finance facility to transform iconic Basingstoke building into green workspace

Eliot Kaye talks to Development Finance Today about the reasons behind the bounce back of the purpose-built student accommodation market.

Eliot Kaye talks to Development Finance Today the bounce back of the PBSA market

Puma Property Finance funds £52m Gross Development value (GDV) sustainable speculative commercial office development in Parsons Green.

Puma Property Finance funds £52m GDV sustainable speculative commercial office development in Parsons Green

Every year the Puma team get together for a day out to catch up and celebrate the year gone by.  This year’s event was unique as it was our 10th anniversary.  The day was (as always) made up of a bit of work, a few surprises and a lot of fun!

Regent’s Park for Puma Annual Summer Party

David Kaye, CEO of Puma Investments explains that with continuing economic uncertainty, and the rising cost of living, which is making people increasingly reluctant to give away their wealth in their lifetime.

New research reveals estate planning needs are changing amidst the rising cost-of-living

Puma Property Finance surpasses £1 billion of funding to UK development projects as real estate lending volumes exceed pre-pandemic levels.

Puma Property Finance surpasses £1 billion of funding to UK development projects as real estate lending volumes exceed pre-pandemic levels

Puma Property Finance has provided funding to finance a £65m GDV, 26-storey residential apartment block in Stonebridge Park, North West London.

Puma Property Finance funds £65m GDV residential housing development in North West London for JV involving Latimer Developments Limited, Londonewcastle and Cervidae

Puma Private Equity exits special education needs schools, Sunlight Education Nucleus. With a 3.2x return on the equity investment.

Puma Private Equity exits special education needs schools, Sunlight Education Nucleus

Dymag is delighted to announce a strategic partnership with Hankuk Carbon Co., bringing together expertise, advanced materials and industrialisation.

Dymag and Hankuk Carbon announce strategic partnership for mass production

Puma Property Finance has partnered with Kosy Co Living and Maven Capital Partners to build Brighton’s first purpose-built co-living development. 

Puma Property Finance, Kosy Co Living and Maven partner for £22m Brighton co-living development

Puma Investments has announced the appointment of Meg Dickens as Marketing Director.

Puma Investments fuels ambitious growth plans with five key hires

Puma Private Equity has invested £5 m into Deazy, a software developer marketplace platform which connects businesses with high-quality development teams.

Puma Private Equity invests £5m into developer marketplace, Deazy

Puma Property Finance has secured a £300 million institutional funding line with Waterfall Asset Management, a US investment adviser.

Puma Property Finance raises additional £300m funding line with Waterfall Asset Management

Mini Rainbows has purchased Peek-a-boo Nursery School in the Barnton area of Edinburgh, Scotland, expanding its footprint in Scotland. 

Mini Rainbows acquires further setting

Puma Private Equity leads £4 million investment into global sustainable fashion retail platform, Everpress.

Puma Private Equity leads £4 million investment into sustainable fashion retail platform, Everpress

We’re incredibly proud of Puma Investments’ Business Development Team who won ‘Team of the year’ at the 2021 Growth Investor Awards. A well-deserved accolade and is a testament to the team’s dedication and collaboration throughout the last year.

Puma Investments named ‘Team of the Year’

Puma Private Equity, the private equity division of Puma Investments, has completed follow-on funding of £5 million into fast-growing business Connectr – the leading HR tech platform for building businesses where people belong. This latest round brings Puma’s total investment into the company to £8.7 million. 

Puma Private Equity invests £5m into UK’s leading emerging talent specialist, Connectr

Puma Private Equity portfolio company Ron Dorff is going from strength to strength with two new stores opening in as many months. 

Ron Dorff international growth continues with London and New York stores

Puma Private Equity portfolio company Open House has added another venue to its collection of modern pubs and dining rooms.

Open House opens new venue, The Broadcaster, in BBC’s former studios

In the midst of a busy year of lending, Puma Property Finance, the development-focussed property finance business of Puma Investments, has completed a loan to finance the development of a 90-bed care home in Harrogate, North Yorkshire. 

Puma Property Finance completes loan to finance 90-bed care home development in Yorkshire  

Joss, who rides for  Drops-Le Col  and wore kit designed by Puma Private Equity portfolio company Le Col, cycled an incredible 48.4km in 60 minutes.

Drops-Le Col rider Joss Lowden sets new world record

Puma Private Equity portfolio company, Le Col, announces a new three-year partnership with BORA-Hansgrohe starting in 2022.

Le Col announces a new three-year partnership with BORA-Hansgrohe starting in 2022

Puma Private Equity’s portfolio company CameraMatics wins Technology Solutions Specialists of the Year –  Ireland at the Prestige Awards.

CameraMatics celebrates two award wins

Against the backdrop of lockdown easing and the UK’s re-opening, Puma Property Finance has continued its strong deal activity in 2021 by closing four development loans in four weeks.

Puma Property Finance closes four development loans in four weeks on £70 million of projects

Puma VCT 13 – the thirteenth Venture Capital Trust (VCT) launched by fund manager Puma Investments – has completed an attractive buyout of its stake in a fast-growing direct cremations business.

Puma VCT 13 achieves attractive exit from Pure Cremation

Puma Private Equity has exited its stake in portfolio company, Pure Cremation, which doubled in size each year since launching in 2015.

Puma Private Equity achieves attractive exit from portfolio company, Pure Cremation

Business Relief investments are well known for their flexible, simple structure, offering access and control, and potential exemption from Inheritance Tax (IHT) if held for two years or more and at the time of death.

How secured lending can deliver returns through a pandemic

Puma Investments is delighted to announce that Dr Stuart Rollason has joined the company as the Investment Director of our Puma AIM Inheritance Tax Services.

Puma Investments welcomes Dr Stuart Rollason as head of the Puma AIM Inheritance Tax Services

You may know that ISAs aren’t exempt from Inheritance Tax and can incur a 40% IHT bill. But did you know how an investment into an AIM ISA and use of the Additional Permitted Subscription can help?

Using an AIM IHT ISA to make ISA wealth IHT-free

Puma Property Finance, the development-focussed property finance business of Puma Investments, has completed a £6.2 million facility to fund the development of a new 80-bed care home in Carlisle, Cumbria.

Puma Property Finance funds 80-bed Carlisle care home development

Puma Private Equity, the private equity division of Puma Investments, has completed a £2 million investment into Ostmodern, a digital product design and technology business that creates innovative video platforms for some of the world’s leading entertainment companies, including Formula One, Arsenal, Channel 4 and Fox.

Puma Private Equity completes £2m investment into Ostmodern

Puma Property Finance has finished a strong year of development lending, despite the pandemic, by completing four new loan facilities in December totalling £70 million.

Puma Property Finance continues strong development lending activity, completing £70m in December

Puma Private Equity, the private equity division of Puma Investments, has completed a €2.4 million investment into international vehicle and fleet safety solutions provider CameraMatics, as part of a €4 million Series A investment round.

Puma Private Equity completes €2.4m investment into fast-growing fleet safety solutions provider, CameraMatics

Small and medium-sized enterprises (SMEs) play a key role in strengthening the UK economy. In fact, the Federation of Small Businesses estimated there were 5.8 million small businesses at the start of 2019, which accounts for 99.9% of the UK’s private sector business population¹. To support this important area of the economy, Venture Capital Trusts, or VCTs, were developed to encourage investment in SMEs. 

What VCTs can offer in today’s environment

Puma Property Finance has provided an £8.5 million development loan to fund the construction of a purpose-built care home in Wilmslow, Cheshire.

Puma Property Finance completes £8.5m loan to finance new care home development in Cheshire

Puma Property Finance continues its strong 2020 start by providing an £8m development exit loan for a West Midlands care home development. 

Puma Property Finance provides £8m development exit loan for West Midlands care home

Puma Private Equity, the private equity division of Puma Investments, has completed a €4 million investment into the fast-growing athleisure brand, Ron Dorff.

 

Puma Private Equity completes €4m investment into award-winning premium bodywear brand Ron Dorff

MyKindaFuture, one of Puma Private Equity's portfolio companies, has been commissioned by the City of London Corporation as one of three key Delivery Partners to support its new taskforce dedicated to improving socio-economic diversity at senior levels in financial and professional services across the UK.

MyKindaFuture appointed to tackle lack of diversity in financial and professional services

Puma Property Finance completes two development loans totalling £25m for new state-of-the-art care homes in Cambridgeshire and Bristol.

Puma Property Finance completes two loans totalling £25m to fund new care homes in England

Puma Property Finance has further strengthened its nationwide presence with the relocation of one of its managers, Paul Murphy, to Manchester.

Date	Estimated Net Asset Value Per Growth Share	Estimated Net Asset Value per Income Share
31 March 2024	128.95p	101.63p
29 February 2024	128.50p	101.28p
31 January 2024	128.08p	100.95p
31 December 2023	127.77p	100.70p
30 November 2023	127.63p	100.59p
31 October 2023	127.34p	100.37p
30 September 2023	127.07p	100.15p
31 August 2023	126.48p	99.69p
31 July 2023	126.18p	99.45p
30 June 2023	125.92p	99.25p
31 May 2023	125.49p	102.14p
30 April 2023	125.19p	101.90p
31 March 2023	124.89p	101.66p
31 January 2023	123.99p	100.93p
31 December 2022	123.74p	100.72p
30 November 2022	123.56p	100.57p
31 October 2022	123.28p	100.35p
30 September 2022	123.00p	100.12p
31 August 2022	122.59p	99.78p
31 July 2022	122.30p	99.55p
31 May 2022	121.52p	102.15p
30 April 2022	121.29p	101.95p
31 March 2022	121.07p	101.77p
22 February 2022	120.63p	101.40p
31 January 2022	120.19p	101.03p
31 December 2021	119.95p	100.83p
30 November 2021	119.87p	100.77p
31 October 2021	119.57p	100.51p
30 September 2021	119.24p	100.23p
31 August 2021	119.06p	100.08p
31 July 2021	118.69p	99.77p
30 June 2021	118.33p	102.70p
31 May 2021	117.94p	102.38p
30 April 2021	117.62p	102.09p
31 March 2021	117.33p	101.84p
28 February 2021	116.93p	101.50p
31 January 2021	116.55p	101.15p
31 December 2020	116.17p	100.83p
30 November 2020	115.85p	100.56p
31 October 2020	115.55p	100.30p
30 September 2020	115.26p	100.05p
31 August 2020	114.89p	99.73p
31 July 2020	114.61p	99.48p
30 June 2020	114.38p	99.28p
31 May 2020	114.05p	102.13p
30 April 2020	113.80p	101.91p
31 March 2020	113.56p	101.69p
29 February 2020	113.32p	101.48p
31 January 2020	113.03p	101.22p
31 December 2019	112.73p	100.95p
30 November 2019	112.39p	100.65p
31 October 2019	112.10p	100.39p
30 September 2019	111.84p	100.16p
31 August 2019	111.43p	99.79p
31 July 2019	111.16p	99.55p
30 June 2019	110.94p	102.35p
31 May 2019	110.73p	102.15p
30 April 2019	110.23p	101.69p
31 March 2019	109.9p	101.39p
28 February 2019	109.56p	101.07p
31 January 2019	109.28p	100.81p
31 December 2018	109.00p	100.55p
30 November 2018	108.74p	100.31p
31 October 2018	108.48p	100.07p
30 September 2018	108.27p	99.88p
31 August 2018	108.07p	99.75p
31 July 2018	107.75p	99.46p
30 June 2018	107.41p	99.14p
31 May 2018	106.93p	101.70p
30 April 2018	106.62p	101.41p
31 March 2018	106.29p	101.09
28 February 2018	105.95p	100.77p
31 January 2018	105.40p	100.25p
31 December 2017	105.11p	99.97p
30 November 2017	104.80p	99.67p
31 October 2017	104.65p	99.53p
30 September 2017	104.42p	99.31p
31 August 2017	104.20p	99.10p
31 July 2017	104.05p	98.96p
30 June 2017	103.78p	98.71p
31 May 2017	103.49p	98.43p
30 April 2017	103.15p	101.1p
31 March 2017	102.87p	100.81p
28 February 2017	102.51p	100.45p
31 January 2017	102.21p	100.15p
31 December 2016	101.94p	99.89p
30 November 2016	101.69p	99.64p
31 October 2016	101.38p	99.33p
30 September 2016	101.14p	99.11p
31 August 2016	100.83p	98.81p
31 July 2016	100.52p	98.51p
30 June 2016	100.35p	98.31p
31 May 2016	99.90p	97.90p
30 April 2016	99.65p	99.65p
31 March 2016	99.34p	99.34p
28 February 2016	99.07p	99.07p
31 January 2016	98.93p	98.93p
31 December 2015	98.66p	98.66p
30 November 2015	98.49p	98.49p
31 October 2015	98.31p	98.31p
30 September 2015	98.10p	98.10p
31 August 2015	97.90p	97.90p
31 July 2015	97.78p	97.78p
30 June 2015	97.57p	97.57p
31 May 2015	97.44p	97.44p
30 April 2015	97.36p	97.36p
31 March 2015	97.26p	97.26p
28 February 2015	97.05p	97.05p
31 January 2015	96.81p	96.81p
31 December 2014	96.59p	96.59p
30 November 2014	96.39p	96.39p
31 October 2014	96.02p	96.02p

Note: Past performance is no indication of future results and share prices and their value can go down as well as up. Figures are correct as at 31 March 2024.

Source: Puma Heritage Ltd

Date

Estimated Net Asset Value Per Growth Share

Estimated Net Asset Value per Income Share

31 March 2024

128.95p

101.63p

29 February 2024

128.50p

101.28p

31 January 2024

128.08p

100.95p

31 December 2023

127.77p

100.70p

30 November 2023

127.63p

100.59p

31 October 2023

127.34p

100.37p

30 September 2023

127.07p

100.15p

31 August 2023

126.48p

99.69p

31 July 2023

126.18p

99.45p

30 June 2023

125.92p

99.25p

31 May 2023

125.49p

102.14p

30 April 2023

125.19p

101.90p

31 March 2023

124.89p

101.66p

31 January 2023

123.99p

100.93p

31 December 2022

123.74p

100.72p

30 November 2022

123.56p

100.57p

31 October 2022

123.28p

100.35p

30 September 2022

123.00p

100.12p

31 August 2022

122.59p

99.78p

31 July 2022

122.30p

99.55p

31 May 2022

121.52p

102.15p

30 April 2022

121.29p

101.95p

31 March 2022

121.07p

101.77p

22 February 2022

120.63p

101.40p

31 January 2022

120.19p

101.03p