UK-listed Electra Private Equity has set its sights on increasing exposure to debt investments and second-hand private equity assets, after portfolio exits helped reduce its discount to net asset value in the year ended September.

In its results for the year to the end of September, Electra reported a 28% discount to NAV - a valuation of portfolio worth - compared with a 39% discount at the end of last September. Electra's diluted NAV stood at 2,473p, an 11% increase over the year.