Uit hun laatste Q report:
A More Resilient Portfolio Since the peak in late 2021, we have experienced a highly challenging environment for venture and growth capital. 7. 6bn Kinnevik’s net cash position (SEK) The companies that fail, fail faster in this market environment. But the companies that will ultimately win, do not necessarily win faster. This enables us to dedicate capital deployment to those of our companies we believe deserve it the most, rather than those that may need it the most. We have written down our private portfolio significantly, we have let some businesses go, and we have worked with our companies to navigate a highly uncertain and difficult market. Even so, in this quarter we are posting an inception IRR of 22 percent in our 2018-23 cohort of companies. During 2023, even with a large and maturing VillageMD and our handful of challenged consumer e-commerce businesses, we are expecting our private portfolio to grow revenues by more than 50 percent on average - more than three times faster than their public peers. Meanwhile, around 60 percent of our companies by value are profitable or have runways that enable them to reach profitability. However, around 10 percent is carried in businesses with a runway ending within the next 12 months. The companies that fail, fail faster in this market environment. But the companies that will ultimately win, do not necessarily win faster. This enables us to dedicate capital deployment to those of our companies we believe deserve it the most, rather than those that may need it the most. Once markets stabilize, irrespective of interest rate levels, I believe that we will have shaped a more resilient and concentrated portfolio that lays the foundation for long-term value creation. I would like to thank our shareholders for their continued support as we continue to execute on our strategic priorities. Georgi Ganev CEO of Kinnevik
H2 green steel en Village MD vind ik interessant, met een degelijk beursgenoteerde naam ook als Tele 2.