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GCP Asset Backed Income

Share price

  • 69.62p

    Closing share price on 14 Jun 2024

  • £296m

    Market cap on 14 Jun 2024

  • 6.3p

    12 month dividend

The Fund

A closed-ended investment company traded on the Main Market of the LSE. The company makes investments secured against physical assets or contracted cash flows, in sectors which are integral to society.

Fund summary

Company name
GCP Asset Backed Income Fund Ltd
IPO date
October 2015
Trading
Main market LSE
Structure
Closed ended investment company
ISIN
JE00BMFX6989
SEDOL
BYZX6B4
Ticker
GABI.LN
Last quarterly dividend Mar 24
1.58p

Ordinary shares

Investments
£326.6m
Cash
£60.8m
Borrowings
£Nil
NAV
£388.4m
Shares in issue
425.6m
NAV per share
91.25p
Share price discount to NAV
-25.5%
Ongoing charge percentage
1.3%
Data at
31.03.24
Name and address
GCP Asset Backed Income Fund Ltd, 12 Castle Street, St Helier, Jersey, JE2 3RT
Board of Directors
Alex Ohlsson (Chairman), Joanna Dentskevich, Colin Huelin, Marykay Fuller
Fund managers
Philip Kent, Anthony Curl, and Luther Ward-Faint

The strategy

Following the May 2024 AGM, the Company’s objective is to undertake a managed wind-down of the Company and realise all existing assets in the Company's portfolio in an orderly manner.

Investment impact

Investment manager

The Investment Manager to GCP Asset Backed is Gravis Capital Management Ltd. The Gravis team has worked together over many years to build both investment philosophy and a practical track record of performance.

The managers from Gravis are Philip Kent, Anthony Curl and Luther Ward-Faint.

The board

Administrator & service providers

Administrator & Secretary

Apex Financial Services (Alternative Funds) Limited
IFC 5
St Helier
Jersey
JE1 1ST

Advisers on English Law

Gowling WLG
4 More London Riverside
London
SE1 2AU

Advisers on Jersey Law

Carey Olsen Jersey LLP
47 Esplanade
St. Helier
Jersey
JE1 0BD

Auditor of the Company

PricewaterhouseCoopers LLP
37 Esplanade
St. Helier
Jersey
JE1 4XA

Corporate Broker

Barclays Bank
1 Churchill Place
London
E14 5HP

Investment Manager & AIFM

Gravis Capital Management Ltd
24 Savile Row
London
W1S 2ES

Principal Bankers

The Royal Bank of Scotland International Limited
Royal Bank House
71 Bath Street
St. Helier
Jersey
JE4 8PJ

Registrar

IFC 5
St. Helier
Jersey
JE1 1ST

Valuation Agent

Mazars LLP
Tower Bridge House
St Katharine’s Way
London
E1W 1DD

Contact us

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