The listed trust of UK buyout firm HgCapital moderately increased the value of its portfolio following a slew of exits despite sharp falls in listed markets that have left many peers with far sharper falls in valuations following writedowns.

Hg Capital Trust reported in its annual results this morning that its portfolio rose 0.5% in value last year. The affiliate, although independently owned and managed, is listed on the FTSE small cap market and provides a window into HgCapital's performance as it co-invests in the firm's deals.