Net Asset Value as of March 31, 2020
EQS Group-News: Private Equity Holding AG
/ Key word(s): Monthly Figures
Zug, April 8, 2020
Net Asset Value as of March 31, 2020
As of March 31, 2020, the Net Asset Value (NAV) per share of Private Equity Holding AG, based mainly on Q4 2019 reports from fund investments, stood at EUR 88.91 (CHF 94.26), representing a decrease of 1.4% in EUR (1.8% in CHF) since February 29, 2020.
In line with the unsettled market sentiment and severe volatility in public markets, the NAV development in March was mixed. Several portfolio positions reported positive NAV developments, but this could not compensate for several value impairments, particularly of listed positions, driving the overall negative performance.
Over the course of the financial year, PEH's NAV per share increased by 7.0% (in EUR, incl. the dividend of CHF 2 per share paid in July 2019). Due to the sudden impact of the COVID-19 pandemic, PEH's share price closed lower at the end of March, in line with most major indices.
Noteworthy distributions in the reporting month came from ABRY Senior Equity IV distributing proceeds, among others, from the sale of RIMES Technologies, a data management and regulatory technology solutions provider, as well as from Pelion IV, distributing shares in web-infrastructure and website-security company Cloudflare. Further distributions were received from Alpha CEE Opportunity IV and Highland Europe II.
Private Equity Holding will resume its investor relations activities once circumstances and official guidance allow doing so. Interested parties may still register at firstname.lastname@example.org and will be notified.
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.
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 2,594,311 as of March 31, 2020 (February 29, 2020: 2,603,427). 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.
Document title: PEH NAV March 2020
|Company:||Private Equity Holding AG|
|Listed:||SIX Swiss Exchange|
|EQS News ID:||1019011|
|End of News||EQS Group News Service|