Infrastructure Secondaries Daily
GCP Infrastructure’s RCF drops to £10m as discount narrows
Friday, June 19, 2026 · 6 min
GCP Infrastructure is using capital recycling to narrow its discount, targeting £150m of disposals, at least £50m returned to shareholders, and an RCF balance reduced to £10m.
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Show notes
GCP Infrastructure is using capital recycling to narrow its discount, targeting £150m of disposals, at least £50m returned to shareholders, and an RCF balance reduced to £10m.
In this episode
- GCP Infrastructure - Substantive progress - QuotedData — QuotedData
 ##### Search ##### Account ##### Menu # GCP Infrastructure – Substantive progress ###### Sectors ## Substantive progress Since interest rates began to rise to tackle inflation, GCP Infrastructure (GCP) has, like many similar investment companies, been afflicted by a wide share price discount to net asset value (NAV).…
- Step Back — When someone says an infrastructure stake sold at, say, a 10% discount to NAV, what is that NAV actually based on in a private fund — and how much confidence should we have in it when the roads, data centers, or power assets aren’t trading every day?
Background sources
- Infrastructure valuation: a checklist for sponsors - Gridlines — Gridlines
- Infrastructure valuations | UBS United States of America — UBS United States of America
- Can You Trust the NAV of a Private Credit Fund? — Owners
- The Surprising Math of Secondary Fund Returns — Richard Baker
- Pricing in LP Secondary Sales — Joran Partners — Written By Tanmay Annachhatre