- Investment trust Apax Global Alpha reported a rise in net asset value, underpinned by strong performance in its private equity portfolio.

For 2020, the company delivered a net asset value return of 14.8%

as the private equity portfolio delivered returns of 25.4% for the year.

A dividend of 5.28p per share was declared for the full year.

'While progress in developing and deploying a range of vaccines against Covid-19 is encouraging, the outlook remains uncertain,' the company said.

At 8:54am: [LON:APAX] Apax Global Alpha Limited share price was 0p at 170.8p

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