IP Group – executive interview
07/05/2025
In this interview, IP Group’s CEO, Greg Smith, discusses the company’s performance and outlook. He explores the factors behind its fivefold year-on-year increase in realisations to £180m in FY24 and what underpins the company’s target of delivering a further £250m in exits between now and FYE27. Greg also discusses the robust pipeline of opportunities, particularly in life sciences and deeptech, with several companies advancing through clinical trials and preparing for potential exits. He also gives an update on the company’s priorities for allocation between supporting existing portfolio companies, making new investments and returning value to shareholders through buybacks. Lastly, he touches on the broader venture capital landscape, including the impact of the Mansion House Compact and the evolving sentiment towards VC investments. IP Group helps to create, build and support IP-based companies internationally. It focuses on companies that meaningfully contribute to regenerative (renewable), healthier (life sciences) and tech-enriched (deep tech) futures.
Uncovering Trusts – IP Group (IPO) – Discussing the roadmap to value
29/04/2025
In this episode, our director of content, investment trusts Milosz Papst outlines a value accretion roadmap for IP Group, which invests in unlisted technology businesses across life sciences, deeptech and cleantech. The roadmap covers important milestones across IP Group’s portfolio as potential indicators of positive momentum. He highlights the group’s solid recent realisation activity and covers the developments across IP Group’s major holdings, its cash runway and valuations. Finally, Milosz discusses the group’s approach to capital allocation, including recent buybacks, as well as ambitions in terms of growing third-party capital under management.
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Uncovering Trusts is a podcast run by Edison analysts, which is released every two weeks. Subscribe to hear analyst interviews on how investment trusts maximise returns while managing risks for investors.
IP Group — Roadmap to value
22/04/2025
IP Group made good progress in crystallising its portfolio values through exits, with proceeds of £183m collected in FY24, most notably from the realisations of Featurespace and Garrison Technology. Meanwhile, its performance continued to be negatively affected by the demanding environment for early-stage businesses, as well as some company-specific setbacks and the de-rating of the share price of Oxford Nanopore (ONT). That said, several portfolio holdings exhibited good business traction and interest from potential buyers, and IP Group’s shares now trade at a wide 59% discount to end-2024 NAV. In this note, we outline important future milestones across IP Group’s portfolio, which we encourage investors to track for indications of positive momentum.