1H23 Results
1H23 RESULTS | 23 FEBRUARY 2023
OMNI
BRIDGEWAY
Successful execution of strategic and operational objectives
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Substantial growth in commitments of $304.2m, adding $5.1bn EPV and up 60% on 1H22 (+191% for the US)
On track to achieve FY23 commitments target of $550 million through strong 1H23 activity and a $228m pipeline
Recognised $92.3 million litigation proceeds, completed 13 investments
Accelerated future potential returns and reallocated capital from the completion of a secondary market sale -US$20m into
Fund 1 reducing its 1 NCI balance to ~$12m
Maintained strong track record with a high success rate of 76%, a key performance indicator
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Commenced the second generation funds series II upsizing process that will create US$1bn additional FUM
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Achieved geographic expansion in northern hemisphere with offices opened in Miami, Chicago, Paris, Milan
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Enhanced portfolio diversification through both investment type and area of law
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Made executive leadership appointments including Global CFO and Co-CIO EMEA reflecting global focus
Highlights
Financial results
Portfolio performance
Strategy
Annexure
CEO succession MD & CEO Andrew Saker has announced his intention to retire, succeeded by Executive Director and Co-CIO - EMEA,
Raymond van Hulst, as part of a carefully planned executive management transitionView entire presentation