Manager Presentation 1H 2025 Private Investments Overview
Your capital is at risk.
Past performance is not a guide to future returns.
35+ Years of Experience - Our Network, Your Advantage
10-Year Performance
15%
IRR
Strong track record of investing in Private Investments since 1988
Access to the world's leading managers -many closed to new investors
Exposure to high quality companies compounding at strong rates of return
Investments often structured with meaningful downside protection
Year-to-Date (1H)
Return
9%
RIT shareholders benefit from private market exposure without long-term capital commitments
Early investments in AI, FinTech and Software drove strong returns and realisations in 1H 2025
5-Year Performance
19%
IRR
Manager Presentation
Page 2
1 Source: J. Rothschild Capital Management (JRCM) data. 5 and 10 year returns net of fees are measured on an annualised basis to end 2024.
Diversified Across Vintages and Sectors Top Private Investments by Sector1(Direct Investments and through Funds)
Enterprise Software, 32%
FinTech, 18%
Healthcare & Life Sciences, 17% Consumer, 14%
AI & Advanced Technologies, 10% Financial Services, 7%
Industrials, 2%
2021 - 2025
2017 - 2020
2013 - 2016
Prior
Private Fund NAV by Vintage Year35%
15%
9%
41%
Manager Presentation
Page 3
1This chart provides a breakdown of the estimated top 100 positions within the private investment portfolio by sector (including those held directly and indirectly through funds). The companies highlighted are representative of some of the largest positions, spanning both direct and indirect positions. Estimates based on the latest available funds reporting, with the majority dated to 31 March 2025. Quoted equities held in private investment funds have been excluded.
One of the world's most secure
digital asset platforms
18%
FinTech
Investments in Market Leaders Capturing Growth Across Sectors1Manager Presentation
Page 4
US subscription-based journalism
Popular American fast-food chain
Global proptech company with
apartments in major world cities
14%
Consumer
Biomanufacturing company
reducing healthcare supply chain fragility
Only dental lab uniting scanning,
clinical expertise and manufacturing
Dominant US digital Enterprise
Healthcare Record provider
17%
Healthcare &
Life Sciences
Cutting-edge AI research and
development leader
Essential data infrastructure for
AI
Space launch and satellite leader
10%
AI & Advanced
Technologies
Low-code platform merging
spreadsheets and databases
Leading cloud-native
cybersecurity platform
Leading US fleet management
software
32%
Enterprise
Software
Builder of fintech infrastructure
Global leader in digital business
payments
1The data in this slide corresponds to the footnote on Page 3.
% of Top Private Investments
Partnership-Driven Approach
RIT invests in a highly concentrated set of difficult-to-access, top-performing, globally-focused managers.
Our top five partners are large funds with assets under management ranging from $12bn to >$80bn.
We believe these managers can see, pick, and win the best investment opportunities across the venture capital, growth equity, and buyout asset classes.
Manager Presentation
Page 5
Leveraging our relationships, brand and track record, we are frequently managers' preferred partner for direct co-investments in companies needing flexible and scalable capital.
Top Tier Quality Managers
Proven Performance
Ribbit Capital
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Disclaimer
RIT Capital Partners plc published this content on September 26, 2025, and is solely responsible for the information contained herein. Distributed via Public Technologies (PUBT), unedited and unaltered, on September 26, 2025 at 14:08 UTC.
