Octopus Titan VCT (GB:OTV2) has released an update.
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Octopus Titan VCT plc reported a decrease in net assets to £892.5 million and a net decrease in NAV per share of 7.0p in the first half of 2024, reflecting a challenging market environment with reduced valuations and private market volatility. The company has seen a significant decline in portfolio realisations, with only £0.8 million received from exits and is conducting a strategic review in response to the market conditions and performance issues. Despite these challenges, Titan maintains a diversified portfolio with a portion showing resilience and growth, and plans to share the review outcomes ahead of any potential fundraise in the 2024/25 or 2025/26 tax years.
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