Investments

Portfolio Company

% share in total portfolio at
30-Jun-23

Value as of 30-Jun-23
GEL millions

Listed and Observable portfolio companies

31.0%

1,042

BOG

26.3%

883

Water Utility1 4.7% 150

Private portfolio

69.0%

2,319

Large portfolio companies

44.5%

1,496

Retail (pharmacy)

21.5%

724

Hospitals

12.7%

426

Insurance (P&C & Medical)

10.3%

347

Investment stage portfolio companies

16.0%

536

Renewable Energy

7.4%

248

Education

5.5%

184

Clinics and Diagnostics 3.1% 105

Other portfolio companies

8.5%

286

Total portfolio value

100.0%

3,361

In December 2021, Georgia Capital announced a sale of an 80% stake in water utility business to FCC Aqualia for a cash consideration of US$ 180 million. The valuation of Water Utility in 2Q23 reflects the application of the put option valuation to GCAP’s 20% holding in the business.