Here is a summary of the provided text
Sequoia Economic Infrastructure Income Fund Limited (SEQI) has released its monthly update for March 2025, detailing its NAV and portfolio performance. The NAV per share decreased to 92.55 pence per share, a decline of 1.40 pence from the previous month, due primarily to adjustments related to a non-performing loan. The portfolio remains well-positioned to benefit from high-interest rates, with 59.4% of fixed-rate investments.
The market summary highlights the impact of tariff measures and geopolitical tensions on global financial markets, with a potential drag on economic momentum and inflationary pressures. SEQIs investments in defensive sectors (54.7% of the portfolio) position it to withstand these economic downturns. Interest rates and inflation data show a decline in CPI inflation across the U.S., Eurozone, and the U.K., with expectations of future interest rate cuts making infrastructure investments more attractive.
SEQIs portfolio update includes details on its revolving credit facility, cash holdings, and new investment activity. The portfolio is highly diversified by sector and size, with a focus on senior secured loans (59.9%) and a yield-to-maturity of 9.87%. The company continues to repurchase shares, contributing to NAV accretion.
The company has made new investments in a German diagnostic imaging and radiotherapy services provider, an FLNG asset, and a French utility services company. It also received final repayment from Salt Lake Potash. SEQI is working to maximize recovery from non-performing loans, which currently represent 2.3% of NAV.
SEQI remains the U.K.s largest listed debt investor, focusing on economic infrastructure private loans and bonds across stable, low-risk jurisdictions. The fund has a strong ESG program and is advised by an experienced investment team.