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GCP Asset Backed

Share price

  • 80.20p

    Share price on 07 Feb 2023

  • £346m

    Market cap on 07 Feb 2023

  • 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
JE00BYXX8B08
SEDOL
BYZX6B4
Ticker
GABI.LN
Last quarterly dividend Sep 22
1.58p

Ordinary shares

Investments
£418.9m
Cash
£25.9m
Borrowings
-£20.0m
NAV
£423.0m
Shares in issue
439.8m
NAV per share
96.18p
Share price discount to NAV
-12.7%
Ongoing charge percentage
1.2%
Data at
30.09.22
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
Joanne Fisk, Philip Kent and Rollo Wright

The strategy

The Company's objective is to:

  • generate attractive risk-adjusted returns through regular, growing distributions,
  • and to generate modest capital appreciation over the long term.


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 Joanne Fisk, Philip Kent and Rollo Wright.

The board

Administrator & service providers

Administrator & Secretary

Apex Financial Services (Alternative Funds) Limited
12 Castle Street
St. Helier
Jersey
JE2 3RT

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 & Financial Adviser

Investec Bank plc
30 Gresham St
London
EC2V 7QP

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

Link Market Services (Jersey) Limited
12 Castle Street
St. Helier
Jersey
JE2 3RT

Receiving Agent

Link Asset Services
Corporate Actions
The Registry
34 Beckenham Road
Beckenham
Kent
BR3 4TU

Valuation Agent

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

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