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

09.11.2022 / 18:00 CET/CEST
Net asset value
The issuer is solely responsible for the content of this announcement.

PRESS RELEASE

Zug, November 9, 2022

Net asset value as of October 31, 2022

As of October 31, 2022, the net asset value (NAV) per share of Private Equity Holding AG (PEH) amounted to EUR 156.83 (CHF 155.23), an increase of 0.2% in EUR ( 3.1% in CHF) since September 30, 2022.

Portfolio performance was positive in October despite unfavorable currency movements. The increase in net asset value resulted from positive valuation adjustments for several portfolio funds, including ALPHA CEE Opportunity IV, Eagletree IV and Mid Europa Fund IV, which benefited from positive movements in certain listed investments, e.g., Allegro, a Polish online e-commerce platform, Kaspi. kz, the largest payments, marketplace and fintech ecosystem in Central Asia, and Corsair, a global brand of high-performance peripherals and computing hardware focused on the PC gamer market.

PEH received notable distribution from Highland Europe II, distributing proceeds from the sale of Threads Styling, a luxury fashion and jewelry retailer.

Notable capital calls were received from Investindustrial VII, to fund follow-on investments for Parker Food Group, a North American-based specialty food ingredient developer and manufacturer and Italcanditi, an ingredient and cream supplier fruit-based based in Italy.

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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 2,505,656 as of October 31, 2022 (September 30, 2022: 2,505,656). 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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