In the three month period to 31 July 2017, eight follow-on investments were made totalling £16 million.
Between 30 April and 31 July 2017, there has been a reduction in cash and cash equivalents of £18 million, resulting in a cash and cash equivalents balance of £154 million. This cash outflow comprised £16 million in respect of investments into existing portfolio companies, £3 million in respect of fund expenses and £1 million in respect of share buybacks, offset by a £2m increase in the valuation of Titan's cash equivalent investments.
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