Net Asset Value as of August 31, 2021
EQS Group-NAV: Private Equity Holding AG
/ Key word(s): Net Asset Value
Zug, September 8, 2021
Net Asset Value as of August 31, 2021
As of August 31, 2021, the Net Asset Value (NAV) per share of Private Equity Holding AG (PEH) stood at EUR 139.09 (CHF 150.44), representing an increase of 5.5% in EUR (6.2% in CHF) since July 31, 2021.
PEH's portfolio performance was significantly positive in August. The NAV increase results from positive valuation adjustments for many portfolio funds, including Pelion VI, Pollen Street III and Warburg Pincus XII, and the direct Co-Investments in Shawbrook Bank, a UK retail bank, and Renaissance Learning, a digital learning solutions provider.
The portfolio was cashflow positive with total distributions amounting to EUR 8.9m. PEH received noteworthy distributions from Capvis III, distributing proceeds from three transactions, namely the sale of arena, one of the world's reference brands in aquatic sports, hessnatur, a pioneer in natural clothing in German-speaking Europe, and Kaffee Partner, a distributor of coffee and water dispensing machines. Furthermore, Highland Europe II distributed proceeds from the sale of Condeco, a leading provider of integrated workspace booking solutions, and Abry Heritage from the sale of Lighthouse, a health technology provider that specialises on services for children diagnosed with autism spectrum disorder.
In the reporting period, PEH committed USD 1.5m Program to Blossom Capital III, a London-based European early-stage venture fund, and USD 2.0m to Left Lane Capital Partners Co-Invest, an early-stage Co-Investment venture fund, both focusing on high-growth internet and consumer technology businesses.
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 2,532,585 as of August 31, 2021 (July 31, 2021: 2,532,482). 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 August 2021
End of Net Asset Value News
|Company:||Private Equity Holding AG|
|Listed:||SIX Swiss Exchange|
|End of News||EQS Group News Service|