Chrysalis Investments - Update from QuotedData

27^th July 2023

Putting growing pains behind it

There is no denying that the last 18 months have been a challenge for Chrysalis Investments (CHRY). However, under the hood, the majority of the portfolio assets have actually performed reasonably well given the circumstances, especially when you consider that one company, Klarna, contributed more than half of CHRY's total NAV adjustment during FY2022. Its other private investments, which make up the majority of the portfolio, fell just 5.6% during the same period.

The long-term prospects for the fund remain unchanged, with the company investing in a range of disruptive assets that continue to benefit from the rapidly accelerating digital transition. The performance of these companies relies on their ability to disrupt their respective industries over years, not months.

While short-term fluctuations in macroeconomic conditions creates challenges, including the ability to finance growth (as investors pull money out of sectors of the market considered to be higher risk), the business plan execution we have seen across the majority of the portfolio over the past 12 months leaves us optimistic going forward.

Full Research:

https://quoteddata.com/research/chrysalis-investments-putting-growing-pains-qd/ 

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NB: Marten & Co was paid to produce this note on Chrysalis Investments and it is for information purposes only. It is not intended to encourage the reader to deal in the security or securities mentioned in this report. Please read the important information at the back of this note. QuotedData is a trading name of Marten & Co Limited which is authorised and regulated by the Financial Conduct Authority. Marten & Co is not permitted to provide investment advice to individual investors categorised as Retail Clients under the rules of the Financial Conduct Authority.

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