Caledonia Investments- Initiation from QuotedData

16^th July 2024

Time, well invested

Caledonia Investments (CLDN) is a self-managed investment trust that, at its heart, is about backing companies, with strong market positions and fundamentals, for the long term. CLDN buys to hold, targeting long-term compounding real returns (after inflation) from its portfolio. Its investment strategy means that it can ignore the gyrations of fickle markets, exploiting secular growth rather than short term cyclical opportunities.

CLDN's £3bn of net assets is invested across a focused portfolio of: good-quality public companies; carefully-chosen and (as its history of realisations might suggest) conservatively-valued direct, predominantly UK headquartered mid-market private companies; and private equity funds, investing in North American and Asian private companies.

With its culture underpinned by the long-term support of the Cayzer family, CLDN is essentially a listed family office. It invests time in nurturing its team, and in building its relationships and understanding of the companies that it invests in.

The interests of the management team and shareholders are wholly aligned. Few listed funds have an explicit objective of growing shareholders' capital and income in real (inflation-adjusted) terms, but CLDN does, and has a long track record of success in this regard, having grown the value of net assets by 160% over the 10 years to end June 2024.

Full Research:

https://quoteddata.com/research/caledonia-investments-time-well-invested-qd/

This research is also available free on our website www.quoteddata.com where you will also find news, performance data and factsheets on every London listed Investment Company. QuotedData writes and distributes research on a number of quoted companies, facilitates meetings between those companies and existing and potential investors and assists in raising additional capital where required.

NB: Marten & Co was paid to produce this note on Caledonia Investments Plc, 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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