Our business in numbers
This section analyses the performance* of British Patient Capital’s investments in 2020.
It is encouraging that BPC has maintained positive returns given it is early in the life of the patient capital portfolio we are building. Due to the significant increase in commitments made during 2019/20, IRR and Return on Capital have naturally dipped.
£1,004m
(Last year £599m)
Total value of portfolio commitments
42
(Last year 31)
Total number of portfolio commitments
£405m
(Last year £334m)
Value of new commitments
11
(Last year 12)
Number of commitments to new funds
1.15
(Last year 1.15)
TVPI multiple
7.4%
(Last year 8.2%)
Return on capital (gross)
10.7%
(Last year 13.3%)
Portfolio IRR
Our portfolio
Total commitments by vintage (£m)
Total number of commitments by vintage
Total number of commitments, venture v. venture growth funds
Number of commitments to new funds in 2019/20 by new v. existing relationships
Commitments including third party capital (£m)
Number of underlying company investments by vintage
* TVPI, Portfolio IRR and Return on capital refer to British Patient Capital only, all other metrics refer to British Patient Capital and third-party mandates.
† Transferred in assets refers to a portfolio of investments acquired from British Business Investments during British Patient Capital’s first year of trading.
‡ 286 of these companies have UK headquarters.
Related pages
About us
Strategic report
Strategic report