Private Equity Holding AG

Net Asset Value as of December 31, 2023

Private Equity Holding AG / Key word(s): Net Asset Value Private Equity Holding AG: Net Asset Value as of December 31, 2023 10.01.2024 / 18:00 CET/CEST Net Asset Value The issuer is solely responsible for the content of this announcement. NEWS RELEASE

Zug, January 10, 2024

Net Asset Value as of December 31, 2023

As of December 31, 2023, the Net Asset Value (NAV) per share of Private Equity Holding AG (PEH) stood at EUR 152.20 (CHF 141.68), representing a change of +0.8% in EUR (-5.0% in CHF) over the calendar year 2023, including the distribution of CHF 1 per share in June 2023. A major positive performance contributor was the concentration effect of EUR 1.23 per share generated by PEH’s purchase of treasury shares. PEH’s long term performance of 15.2% p.a. (in EUR) over the last three years continues to compare favourably to the MSCI World Index (TR), a broad index of global listed equities, which achieved a performance of 11.5% p.a. (in EUR) in the same period. 

PEH’s share price closed the year at CHF 73.60, representing a total performance of 5.1% over the last 12 months (incl. distribution).

PEH’s portfolio performance in fund currency was positive in December, however, the positive valuation adjustments for several portfolio funds including Pelion VI, Mid Europa Fund IV and Eagletree IV could not fully compensate adverse FX movements.

The portfolio was cash-flow positive in December with total distributions amounting to EUR 5.7m vs. EUR 4.1m paid into the portfolio. PEH received noteworthy distributions from Pollen Street III distributing proceeds from the sale of Aryza, a leading software solutions specialist, as well as from Pollen Street IV distributing proceeds from the sale of Markerstudy, one of the leading retail insurance platforms in the UK. Further, ALPHA CEE Opportunity IV distributed dividends and proceeds from three investments, namely from Kaspi, a Kazakh fintech firm, Allegro, a leading Polish and CEE e-commerce platform, as well as from Symfonia, a Polish payroll software company.