Symphony International Holdings (SIHL) has released its preliminary results for the year ended 31 December 2021. During the period, SIHL’s NAV increased by 28.94%. The chairman, Georges Gagnebin, says that the improved operating environment particularly benefited SIHL’s investments in the hospitality, healthcare, and lifestyle sectors while ongoing disruptions to supply chains facilitated stronger margins in the logistics sector.
Portfolio activity
During 2021, SIHL made four new and six follow-on investments at a cost of US$23.47m and completed a full and two partial exits that generated US$56.90m of proceeds in addition to other income of US$1.43m. One of SIHL’s joint venture companies also entered into an agreement during 2021 related to a partial exit of land that SIHL says will generate total gross proceeds of US$23.25m once completed later in 2022.
The improved…
