Good evening,

There’s been plenty of chat about listed v unlisted market valuations, which is a hot topic post the June 30 balance date as investment managers report performance to clients.

Street Talk’s got some more grist for the mill tonight, securing Australian VC firm Square Peg’s fund reports for the six months to June 30.

Square Peg, regarded as a mature head in the Australian VC market, took a combined 15 per cent off its portfolio value as of June 30 for investments across its Fund 1, 2 and 3.

It told clients this was a general provision, reflecting wider market valuations and sentiment, and could always be added back to asset values should things turn out better than expected.

The update shows VC firms are taking hits, although probably not to the same extent as some listed equities growth managers who have had a horror six months.

Elsewhere, we look at who has tipped into Woodside Energy’s latest loan and have spotted some more advisers in the iNova auction.

Happy reading,

Anthony Macdonald, Sarah Thompson and Kanika Sood
Street Talk Editors