Private Equity Holding AG

Net Asset Value as of March 31, 2024

Private Equity Holding AG / Key word(s): Annual Results Private Equity Holding AG: Net Asset Value as of March 31, 2024 09-Apr-2024 / 18:00 CET/CEST Release of an ad hoc announcement pursuant to Art. 53 LR The issuer is solely responsible for the content of this announcement. NEWS RELEASE

Zug, April 9, 2024

Net Asset Value as of March 31, 2024

As of March 31, 2024, the Net Asset Value (NAV) per share of Private Equity Holding AG (PEH) stood at EUR 159.75 (CHF 155.75), representing a change of +3.2% in EUR (+5.3% in CHF) since February 29, 2024, and of 6.0% over the full financial year 2023/2024 (in EUR, incl. dividend).

PEH's portfolio performance was positive in March. Key drivers of the portfolio performance were valuation adjustments of some of PEH's direct co-investments, incl. Earnix, an artificial intelligence software provider, Shawbrook Bank, a UK retail bank, and Lignetics, a US-based heating and BBQ-pellets manufacturer and distributor. Furthermore, there were several positive valuation adjustments in the fund’s portfolio, i.a., Pollen Street III and IV as well as Alpha CEE Opportunity IV.

The portfolio was cash-flow negative with total distributions amounting to EUR 2.0m vs. EUR 3.2m paid into the portfolio. PEH received a noteworthy distribution from Alpha CEE Opportunity IV, distributing capital from various transactions, including proceeds from the public offering of Kaspi shares on NASDAQ; Kaspi is a Kazakhstani fintech firm. Further, Evolution Technology II distributed proceeds from the sale of Talon Cyber Security, a developer of a secure web browser. 

PEH will publish its annual report 2023/24 on May 7, 2024, and the AGM will take place in Zug on June 3, 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.