Analysts criticise Oakley’s 'cautious' approach

The 22% rise in net asset value announced this morning is regarded as 'conservative' given the potential of several of its portfolio companies

A UK listed private equity firm has been criticised by analysts for valuing its portfolio too conservatively, despite a big rise in its latest results.

Oakley Capital Investments, the listed arm of buyout firm Oakley Private Equity, estimated in its pre-close statement this morning that its net asset value - the valuation the manager places on its portfolio - will be about 180p per share when its half year results are released next month.

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