Reportage 190829 BPC006
Strategic report

Our business in numbers

This section analyses the performance of British Patient Capital’s investments, including the seed portfolio acquired from British Business Investments, a commercial subsidiary of the British Business Bank, in 2018/19.*

8 2 120x100 Artboard 01


Return on capital (gross)

1 15 120x100 Artboard 01


TVPI multiple

13 3 120x100 Artboard 01


Portfolio IRR

31 120x100 Artboard 01


Total number of portfolio commitments

599m 120x100 Artboard 01


Total value of portfolio commitments

12 120x100 Artboard 01


Number of new commitments in 2018/19

334 120x100 Artboard 01


Value of new commitments in 2018/19

*During its first year of trading, British Patient Capital acquired a seed portfolio of investments from British Business Investments.

The portfolio performance metrics disclosed are not derived from the financial statements and accordingly the National Audit Office have not audited them.

New commitments in 2018/19

Our business in numbers NEW COMMITMENTS 1 2

**These commitments have closed and have yet to be announced.

Our portfolio

Total commitments by vintage (£m)

5928 BBB BPC Number of businesses supported 1

Number of underlying company investments
by vintage

5928 BBB BPC BBI Underlying Investments by Vintage 1

*** 178 of these companies have UK headquarters

Total capital raised by funds in the portfolio (£m)

5928 BBB BPC BBI Total Capital Raised 1

Commitments: seed portfolio and 2018/19 activity

5928 BBB BPC BBI Equality Commitments 1

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