Oakley Capital: a tasty private equity fund at a bargain price

Oakley Capital, the private-equity fund, is cheap, yet its investments are flourishing, says Max King.

Time Out market in Lisbon © Getty Images

The Time Out market is Lisbon's top visitor attraction
(Image credit: Time Out market in Lisbon © Getty Images)

Although Oakley Capital Investments (LSE: OCI), with £650m of assets, has been the best performer in the private-equity sector in the last year, it still trades on a 29% discount to net asset value (NAV). What makes this even more of an anomaly is the strong momentum in OCI's underlying investments.

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Max King
Investment Writer

Max has an Economics degree from the University of Cambridge and is a chartered accountant. He worked at Investec Asset Management for 12 years, managing multi-asset funds investing in internally and externally managed funds, including investment trusts. This included a fund of investment trusts which grew to £120m+. Max has managed ten investment trusts (winning many awards) and sat on the boards of three trusts – two directorships are still active.

After 39 years in financial services, including 30 as a professional fund manager, Max took semi-retirement in 2017. Max has been a MoneyWeek columnist since 2016 writing about investment funds and more generally on markets online, plus occasional opinion pieces. He also writes for the Investment Trust Handbook each year and has contributed to The Daily Telegraph and other publications. See here for details of current investments held by Max.