Private Equity Holding AG

Net Asset Value as of February 29, 2024

Private Equity Holding AG / Key word(s): Net Asset Value Private Equity Holding AG: Net Asset Value as of February 29, 2024 11.03.2024 / 18:00 CET/CEST Net Asset Value The issuer is solely responsible for the content of this announcement. NEWS RELEASE

Zug, March 11, 2024

Net Asset Value as of February 29, 2024

As of February 29, 2024, the Net Asset Value (NAV) per share of Private Equity Holding AG (PEH) stood at EUR 154.76 (CHF 147.69), representing a change of +0.8% in EUR (+3.1% in CHF) since January 31, 2024.

PEH's portfolio performance was positive in February. Notable valuation adjustments were recorded for several portfolio funds including Procuritas VII and Alpha CEE Opportunity IV, which benefitted from share price increases of listed underlying investments, e.g., Kaspi, a Kazakhstani fintech firm, as well as for PEH's direct co-investment in Guala Closures, a market leader in the production of aluminium and non-refillable closures.  PEH's direct co-investment in dss+, a health, safety and environmental consulting company, also recorded a positive valuation adjustment.

The portfolio was cash flow negative with total distributions amounting to EUR 0.7m vs. EUR 1.9m paid into the portfolio. PEH received distributions from Eagletree III, distributing proceeds from its investment in ALM Media, an integrated media company and a leading provider of specialised business news, as well as from TA Associates XIII, distributing proceeds from three transactions, namely Benecon, a medical benefit program administrator, InCorp, a provider of corporate services for companies planning to establish a presence in Asia, and National Stock Exchange of India, one of the leading stock exchanges in India. 

The biggest capital call came from TA Associates XIV to fund both, new as well as add-on investments.

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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.