Overview of Tetragon’s November 2025 Factsheet
Tetragon Financial Group Limited released its November 2025 monthly factsheet, highlighting key metrics for investors as the year approaches its end. The report provides a snapshot of net asset value (NAV), fully diluted NAV per share, and the month’s return on a per-share basis. These figures help investors gauge the company’s health and track performance against peers and benchmarks.
Key NAV Metrics
Net Asset Value (NAV): The November 2025 NAV stands at $3,877 million. This figure represents the aggregate value of Tetragon’s assets minus liabilities, reflecting the company’s current market value at month-end.
Fully Diluted NAV per Share: The fully diluted NAV per share is reported as $41.85. This metric accounts for all potential shares outstanding, including options, warrants, and other convertible instruments, providing a fuller view of value per share if all convertible securities were exercised.
Share Price Context: At a closing level of $18.35 per TFG share, investors can compare market valuation against the NAV per share. The spread between market price and NAV per share can offer insight into investor sentiment and perceived upside or risk in Tetragon’s portfolio.
Monthly Performance
Monthly NAV per Share Total Return: The report notes a -0.6% return for the month. This figure captures total value changes per share, including movements in the NAV and any income distributions during November 2025. A negative monthly return does not necessarily reflect long-term results but indicates short-term market dynamics affecting the fund’s assets.
What the Numbers Mean for Investors
Investors typically assess NAV, fully diluted NAV, and monthly returns together to form a view of value creation or erosion over time. The November 2025 figures suggest caution in the near term, while the fully diluted NAV per share remains a useful gauge of potential value per share under full convertibility. The gap between the share price and NAV per share can also influence decisions on entry, exit, or rebalancing within a broader investment strategy.
Context and Outlook
While the monthly -0.6% NAV return highlights short-run volatility, it is one data point in a longer performance arc. Investors often look to trailing returns, portfolio diversification, and risk management practices to understand the sustainability of any NAV movements. Tetragon’s ongoing strategy, liquidity profile, and exposure to its underlying investments will continue to shape future NAV trajectories and per-share outcomes.
Methodology and Access
The factsheet follows standard industry practice, presenting NAV, fully diluted NAV per share, and monthly performance metrics. For ongoing transparency, investors should review subsequent monthly releases and accompanying disclosures that explain portfolio changes, income, expenses, and any non-recurring items that might impact NAV calculations.
Conclusion
The November 2025 factsheet provides a concise update on Tetragon Financial Group Limited’s value metrics and short-term performance. While the month showed a modest negative NAV return, the fully diluted NAV per share remains a key reference point for long-term value assessment, helping investors align their expectations with the fund’s evolving portfolio.
