Clairvest’s book value was $1.293 billion or $96.60 per share as at March 31, 2026, compared with $1.255 billion or $91.66 per share as at December 31, 2025 and $1.252 billion or $88.30 per share as at March 31 2025. For the year ended March 31, 2026, Clairvest invested a total of $73 million in new and follow-on investments and realized on four investments for total proceeds of $132 million. As at March 31, 2026, 30% of our book value, or approximately $29 per share, was held in cash, cash equivalents and temporary investments excluding marketable securities, including those held in our acquisition entities.
