ANR: Private Equity Holding AG: Net asset value at December 31, 2021

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EQS-NAV: Private Equity Holding AG / Keyword (s): Net asset value

Private Equity Holding AG: Net asset value as of December 31, 2021

10.01.2022 / 18:00
Net asset value
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PRESS RELEASE

Zug, January 10, 2022

Net asset value at December 31, 2021

As of December 31, 2021, the net asset value (NAV) per share of Private Equity Holding AG (PEH) amounted to EUR 152.48 (CHF 157.99), an increase of 57.5% in EUR ( 50.8% in CHF) over the 2021 calendar, including the distribution of CHF 2 per share in June 2021.

The PEH share price closed the year at CHF 96, which represents an exceptional total performance of 63% over the last 12 months.

For the month of December, the performance of the portfolio was negatively affected both by unfavorable currency movements and by the development of the share prices of various underlying positions. While there have been positive valuation adjustments in some of PEH’s direct co-investments, including Design Holding, a global high-end design group in furniture and lighting, and some portfolio funds , notably Evolution Technology II and Clarus Lifesciences III, the negative effects of the broader correction in technology stock prices in December offset these developments.

PEH has entered into two fund commitments and a direct co-investment of USD 5.4 million in Inovalon, a leading provider of cloud-based platforms enabling data-driven healthcare, alongside from Insight Partners. Inovalon’s ability to interconnect with the healthcare ecosystem, aggregate and analyze data in real time helps improve care, efficiency and financial performance across the entire healthcare ecosystem. health. Mainly due to the initial funding of this investment, the PEH portfolio recorded negative cash flow during the reference month, despite distributions of 10.9 million euros from several portfolio funds, for example, the distribution of Procuritas VI from the sale of Uriginal Group AB, a market leader in the Nordic countries for plagiarism prevention and detection software, and Eagletree IV distributing the proceeds of its investment in FuseFX Corp., one of the largest independent visual special effects studios (“VFX”).

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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 possibility of participating in a simple and tax-efficient manner in a diversified and professionally managed private equity portfolio with selective funds and direct investments.

Portfolio income is partially reinvested and returned to shareholders in the form of annual distributions. The Private Equity Holding portfolio is managed by Alpha Associates, an independent Private Equity, Private Debt and Infrastructure investment manager based in Zurich.

For more information, please contact:
Kerstin von Stechow, Investor Relations, [email protected], tel. +41 41 726 79 80, http://www.peh.ch

The basis for calculating the net asset value and the disclaimer

The number of shares in circulation used to calculate the Net Asset Value per share was 2,526,064 as of December 31, 2021 (November 30, 2021: 2,526,764). The calculations are prepared in accordance with International Financial Reporting Standards (IFRS) and in accordance with the guidelines of Invest Europe (formerly known as the European Venture Capital Association). The fund’s investment valuations are based on the latest published net asset values ​​(NAVs) of the funds. To estimate the fair value of unlisted 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 according to a going concern assumption and generally published within six trading days following the deadline. The different reporting deadlines of the different companies and funds in which participations are held may lead to short-term distortions and lead to differences between the published NAV and the actual total value of the net assets of Private Equity Holding AG.


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