VL: Private Equity Holding AG: net asset value as of January 31, 2022

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EQS-NAV: Private Equity Holding AG / Keyword(s): Net Asset Value

Private Equity Holding AG: net asset value as of January 31, 2022

08.02.2022 / 18:00
Net asset value
The issuer is solely responsible for the content of this announcement.

PRESS RELEASE

Zug, February 8, 2022

Net asset value as of January 31, 2022

As of January 31, 2022, the net asset value (NAV) per share of Private Equity Holding AG (PEH) amounted to 147.57 EUR (153.78 CHF), i.e. a change of -3.2% in EUR (-2.7% in CHF) since December 31, 2021.

PEH’s portfolio performance was negative in January. Positive valuation adjustments in some portfolio funds, notably Blossom I and Avista II, could not offset the negative share price development of various direct and indirect underlying positions. The continued correction of technology stocks and, in particular, online retailers in the CEECs, Russia and the CIS due to geopolitical tensions was the main driver of the portfolio’s negative performance during the period under review.

The portfolio showed negative cash flow with total distributions amounting to €1.2 million, a relatively low amount compared to previous months. PEH received notable distributions from Abry ASF III on its total return swap investments and from Clarus Lifesciences III, distributing shares of ESSA Pharma, a clinical-stage pharmaceutical company focused on developing new therapies for the treatment of Prostate cancer.

The investment pipeline remained heavily loaded into 2022 and several investments were approved, such as a commitment to a private equity manager targeting buyouts at the bottom of the North American middle market. Further details will be released after these engagements close.

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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 January 31, 2022 (December 31, 2021: 2,526,064). 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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