Annual Report and Accounts 2022

Report and publications 28 February 2022

British Patient Capital – Annual Report 2022

Key highlights include:

  • Across its three programmes, British Patient Capital now manages assets with a total value of £3,075 million.
  • Investments since inception totalled £1,635 million across 61 fund commitments, four co-investments and five Future Fund: Breakthrough deals.
  • Total commitments, including capital from other institutional investors, now total more than £10.7 billion.
  • In 2021/22, we made 10 new fund commitments and two co-investments from the core programme, with a total value of £341 million.
  • The total portfolio Internal Rate of Return since inception for the core programme was 32.9% to end of March 2022, compared to 25.3% in March 2021.
  • The portfolio TVPI of the core programme was 1.80x, up from 1.51x the previous year.

Download the Annual Reports and Accounts 2022 report

Our Annual Report and Accounts reports on the performance of the Bank during the 2022 financial year.

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