Private Equity Holding AG: Net Asset Value as of February 28, 2022

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

Private Equity Holding AG: Net Asset Value as of February 28, 2022

08.03.2022 / 18:00
Net asset value
The issuer is solely responsible for the content of this announcement.

PRESS RELEASE

Zug, 8 March 2022

Net asset value as of February 28, 2022

As of February 28, 2022, the net asset value (NAV) per share of Private Equity Holding AG (PEH) amounted to 146.14 EUR (150.88 CHF), i.e. a change of -1.0% in EUR (-1.9% in CHF) since January 31, 2022.

The Russian invasion of Ukraine has created serious concerns on many levels – the human cost, European security and the potential impacts on investment portfolios. While it is too early to estimate the potential economic impact of this unprecedented Russian assault on a European country, the value of PEH’s portfolio exposure to investments in Russia and Ukraine has been adjusted downward each months since the third quarter of 2021 and, since February 28, 2022, represents 3.5% of PEH’s total equity. Exposure to investments in Russia and Ukraine is closely monitored and will be adjusted according to market developments and PEH’s valuation policy.

In February, the portfolio showed a positive cash flow with total distributions amounting to 20.1 million euros. Among these, Pollen Street III distributed proceeds from the sale of Oplo Holdings, a consumer lender which provides loans to customers across the UK, proceeds from the sale of direct co-investment Acino , a global pharmaceutical company that provides access to high-quality medicines for patients and healthcare professionals as well as the partial sale of the direct co-investment in Renaissance Learning, a provider of digital learning solutions.

During the reporting period, PEH made three new commitments: €10.0 million to Procuritas Capital Investors VII, a fund targeting middle market investments in the Nordics, $5.0 million to of Francisco Partners Agility III-A and $10.0 million in favor of Francisco Partners VII-A, both managed by Francisco Partners, one of the world’s leading technology investors and one of the most trusted investment relationships. old ones within the PEH portfolio.

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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 2,524,704 as of February 28, 2022 (January 31, 2021: 2,524,704). 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 different companies and funds in which holdings 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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