The chief executive of JZ Capital Partners has said the London-listed private equity firm may issue fresh stock in the coming years to help protect against any further lag between its share price and its net asset value, with the gap at the end of its financial year to February 28 at its widest in six years.

Shares in JZ Capital traded at a 42% discount to the firm's NAV on February 28, according to its annual results for the financial year published on Tuesday - the discount a year earlier was 27%. The discount has since improved, with shares now trading at a discount of about 36% against the share price of £4.45, according to a spokesman.