Private Equity Holding AG: Net Asset Value as of November 30, 2022
Private Equity Holding AG
/ Key word(s): Net Asset Value
Zug, December 8, 2022
Net Asset Value as of November 30, 2022
As of November 30, 2022, the Net Asset Value (NAV) per share of Private Equity Holding AG (PEH) stood at EUR 157.19 (CHF 154.03), representing a change of +0.2% in EUR (-0.8% in CHF) since October 31, 2022.
The portfolio performance was positive in November despite more than EUR 10 million of adverse FX movements (due to the weakening of the USD). The NAV reflects portfolio fund valuations as of September 30, and subsequent adjustments for certain co-investments and listed positions. The monthly increase results from positive valuation adjustments for many portfolio funds including ALPHA CEE Opportunity IV, Abry Partners IX, Clarus Lifesciences III and Eagletree IV as well as in some of PEH`s direct co-investments, most notably dss+, a leading safety and sustainability consulting company, and Guala Closures, a market leader in the production of aluminium and non-refillable high-end closures for bottles.
PEH received noteworthy distributions from Highland Europe I, distributing proceeds from its investment in WeTransfer, a Dutch-based provider of file sharing services and Avista II, distributing proceeds from the sale of Laredo Energy, a US-based producer of natural gas.
Abry Heritage Partners II called capital to fund the acquisition of Best Lawyers, a US-based leading provider of peer rankings for both domestic and international lawyers and law firms.
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.
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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 2,505,656 as of November 30, 2022 (October 31, 2022: 2,505,656). 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.
File: PEH NAV Flyer Nov 2022
|Company:||Private Equity Holding AG|
|Listed:||SIX Swiss Exchange|
|End of News||EQS News Service|