HONEYCOMB Investment Trust, the alternative finance-focused fund, increased its net asset value (NAV) return to 0.88 per cent in April.
The figure, stated under IFRS 9 reporting standards which take into account bad loans, is an improvement from 0.72 per cent in March.
It is the fourth month of reporting under the new accountancy rules.
The company held a fourth capital raise in April, raising gross proceeds of £100m. Without this, the NAV return would have been 0.63 per cent.
Honeycomb’s April update also shows its net assets including income rose to £402.2m from £302.4m in March.
The company said the focus of the coming months will be to execute on “the pipeline of opportunities” and deploy the raised capital.
“The portfolio continues to perform well with strong cash collections and above target net income yield,” it added.
It currently has a pipeline of £750m across its three market sectors – property, consumer and small business.
The London Stock Exchange-listed investment trust is currently trading on a premium to NAV of 9.37 per cent.