IP Group hosted a capital markets day on 26 June 2025, which included presentations on the group’s investment strategy, pipeline, major themes and portfolio companies.

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.

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.