As @PeregrineCapital pointed out, BTI's February Update is all about SiteMinder, which is their largest holding in the portfolio. BTI are still quite bullish given the significant portion it makes up of their NTA and for me, any sell downs from the BTI team would be worth paying attention to. (Even though they probably should to move capital into other unlisted ventures).
The update breaks down Short, Medium and Long term prospects for the company, but implies there is value at current levels.
I'm yet to do my review of Q2/H1 but will revisit this when I do.