Private Equity Holding AG: Net Asset Value as of September 30, 2024

NEWS RELEASE

Zug, October 14, 2024

Net Asset Value as of September 30, 2024

As of September 30, 2024, the Net Asset Value (NAV) per share of Private Equity Holding AG (PEH) stood at EUR 156.71 (CHF 147.59), representing a decrease of -1.2% in EUR (-0.9% in CHF) since August 31, 2024.

For the month of September, the portfolio performance was negatively affected by both adverse FX movements and the share price development of various underlying positions, specifically Kaspi, a Kazakhstani fintech firm. While there have been positive valuation adjustments in some of PEH's portfolio funds - most notably Pelion VI and Evolution Technology II - the negative effects outweighed these gains.

In September, the portfolio was cash-flow negative with total distributions amounting to EUR 1.3m vs. EUR 2.2m paid into the portfolio. A notable capital call was received from Alpha CEE Opportunity V to fund three new secondary investments. The biggest distribution was received from Abry VII, distributing proceeds from its investment in Alliant Insurance Services, a specialty insurance brokerage firm based in the US.

PEH will publish its semi-annual report on November 7, 2024.

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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 Amundi Alpha Associates, an independent Private Equity, Private Debt and Infrastructure investment manager based in Zurich.

 

For further information, please contact: 
Kerstin von Stechow, Investor Relations, Kerstin.Stechow@peh.ch, phone +41-44-515 70 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 2,467,700 as of September 30, 2024 (August 31, 2024: 2,466,855). 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. 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.

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