Private Equity Holding AG: Net Asset Value as of August 31, 2022

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Private Equity Holding AG / Key word(s): Net asset value

Private Equity Holding AG: Net Asset Value as of August 31, 2022

08.09.2022 / 18:00 CET/CEST
Net asset value
The issuer is solely responsible for the content of this announcement.

PRESS RELEASE

Zug, September 8, 2022

Net asset value as of August 31, 2022

As of August 31, 2022, the net asset value (NAV) per share of Private Equity Holding AG (PEH) amounted to EUR 159.02 (CHF 155.87), an increase of 0.7% in EUR ( 1.7% in CHF) since July 31, 2022.

The performance of the PEH portfolio was positive in August and supported by favorable currency movements. Notable valuation adjustments were recorded for PEH’s fund investments in Eagletree IV, Pelion VI and Highland Europe II as well as PEH’s direct co-investment in Guala Closures, a market leader in the production of aluminum closures and “non-refillable”.

The portfolio showed negative cash flows with total distributions amounting to EUR 2.0 million compared to EUR 2.6 million paid into the portfolio. PEH received notable distributions from Investindustrial VI distributing proceeds from the exit of the fund from Neolith, a pioneer in the technical sintered stone sector, as well as from Abry Senior Equity V distributing proceeds from the sale of Benefit Recovery Group , a leading technology payment service. provider, offering subrogation and compensation recovery services. Additionally, Evolution Technology II distributed proceeds from the sale of Unbound, a digital asset protection company.

During the period under review, the cancellation of 200,000 registered shares, which was approved by the shareholders at the annual general meeting of June 2, 2022, was registered in the commercial register on August 26, 2022 and the currency adjustment was made on September 6, 2022. The listed share capital of the company consists of 2,550,000 registered shares with a nominal value of CHF 6 each.

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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 way in a diversified and professionally managed private equity portfolio with selective funds and direct investments.

Portfolio income is partially reinvested and passed on to shareholders in the form of annual distributions. Private Equity Holding’s 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], phone +41 41 726 79 80, http://www.peh.ch

The Basis for Net Asset Value Calculation and Disclaimer

The number of outstanding shares used for the calculation of the net asset value per share amounted to 2,503,986 as of August 31, 2022 (July 31, 2022: 2,504,056). Calculations are prepared in accordance with International Financial Reporting Standards (IFRS) and the guidelines of Invest Europe (formerly known as the European Venture Capital Association). The valuations of the funds’ investments are based on the most recent net asset values ​​(NAV) of the funds. When estimating 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 net asset value of Private Equity Holding AG is calculated at the end of each month assuming going concern and generally published within six trading days of the cut-off date. The different reporting deadlines of the individual companies and funds in which interests are held may lead to short-term distortions and lead to discrepancies between the published net asset value and the actual total net asset value of Private Equity Holding AG.


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