Media Releases

Net Asset Value as of January 31, 2020

EQS Group-News: Private Equity Holding AG / Key word(s): Monthly Figures
10.02.2020 / 18:00

NEWS RELEASE

Zug, February 10, 2020

Net Asset Value as of January 31, 2020

As of January 31, 2020, the Net Asset Value (NAV) per share of Private Equity Holding AG stood at EUR 87.14 (CHF 93.07), representing an increase of 0.9% in EUR (a decrease of 0.9% in CHF) since December 31, 2019.

The NAV increase results from positive valuation adjustments in several portfolio funds including Warburg Pincus X, Pelion IV and other venture funds including a position in the Emerging Manager Program. The development was supported by positive FX movements.

PEH's portfolio was cash flow positive with total distributions amounting to EUR 2.2m. The biggest distribution was received from Capvis Equity Fund III from the sale of Ondal Holding GmbH, a world market leader in the production of pendant systems for medical applications headquartered in Germany.

In the reporting month, PEH committed USD 1.5m within the Emerging Manager Program to a venture fund focusing on early-stage investments in Europe.

Private Equity Holding will continue its investor relations activities with a lunch presentation on February 26, 2020, in Zurich. Interested parties may register at info@peh.ch.

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Private Equity Holding AG (SIX: PEHN) is a listed investment company for private equity investments. It offers institutional and private investors the opportunity to participate in a simple and tax-efficient manner in a diversified and professionally managed private equity portfolio with selective fund and direct investments.

Income from the portfolio is partially reinvested, as well as passed on to the shareholders as annual distributions. Private Equity Holding's portfolio is managed by Alpha Associates, an independent Private Equity, Private Debt and Infrastructure investment manager based in Zurich.

For further information, please contact:
Anna Knaub, Investor Relations, anna.knaub@peh.ch, phone +41 41 726 79 80, http://www.peh.ch

The basis of the Net Asset Value Calculation and Disclaimer

The number of outstanding shares used for calculation of the Net Asset Value per share amounted to 2,604,559 as of January 31, 2020 (December 31, 2019: 2,604,859). The calculations are prepared in accordance with International Financial Reporting Standards (IFRS) and pursuant to the guidelines of Invest Europe (formerly known as the European Venture Capital Association). The valuations of the fund investments are based on the most recent reported net asset values (NAVs) of the funds. In estimating the fair value of unquoted direct investments, Private Equity Holding AG considers the most appropriate market valuation techniques. The fair value of listed direct investments is the market value. The NAV of Private Equity Holding AG is calculated at the end of each month under a going concern assumption and usually published within six trading days after the cut-off date. The different reporting cut-off dates of the individual companies and funds in which participations are held can lead to short-term distortions and cause discrepancies between the published NAV and the actual total value of Private Equity Holding AG's net assets.


 

Additional features:

Document: http://n.eqs.com/c/fncls.ssp?u=GIIWTECKUM
Document title: PEH NAV as of January 31, 2020


End of Corporate News



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