Financial Statements for the first nine months of 2008/2009
In the first nine months of the financial year 2008/2009, Private Equity Holding AG reports a comprehensive net loss of EUR 11.6 million. As of December 31, 2008, the net asset value per share (NAV) stood at EUR 50.55 (CHF 75.28), which represents a decline of 4.8% (in EUR) since March 31, 2008.
Together with the Nine-Month Report for the period ended on December 31, 2008, Private Equity Holding AG is re-issuing its Half-Year Report for the period ended September 30, 2008 in a revised format. The revised report includes certain information required under IAS 34, in particular prior period comparables instead of full year comparables. Both the Nine-Month Report and the Revised Half-Year Report are available on the Company's website www.peh.ch.
Private Equity Holding continues to pursue its long-term growth strategy and diversification program. After two years, substantial progress has been made to achieve the defined allocation targets. The current exposure, on the basis of fair value plus unfunded commitment, to venture is 27%, the buyout exposure accounts for 55% and special situations for 18% of the aggregate portfolio.
In the current market environment, the active management and monitoring of the Company's portfolio and liquidity are more important success factors than ever. The Board of Directors and Alpha Associates, advisor to Private Equity Holding, remain committed to the Company's long-term growth strategy.
Private Equity Holding AG (SWX: PEHN), advised by Alpha Associates, offers investors the opportunity to invest, within a simple legal and tax optimized structure, in a broadly diversified and professionally managed private equity portfolio.