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

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

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

01/10/2022 / 18:00
Net asset value
The issuer is solely responsible for the content of this announcement.

PRESS RELEASE

Zug, January 10, 2022

Net asset value as of December 31, 2021

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

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

In December, portfolio performance was negatively impacted by both adverse currency movements and the share price performance of various underlying positions. While there were positive valuation adjustments on some of PEH’s direct co-investments, particularly at Design Holding, a high-end global furniture and lighting design group, and certain portfolio funds, including Evolution Technology II and Clarus Lifesciences III, outweighed the negatives The broader correction in technology stocks in December impacted these developments.

PEH has made two fund commitments and a direct co-investment of USD 5.4 million in Inovalon, a leading provider of cloud-based platforms that, together with Insight Partners, enable data-driven healthcare. Inovalon’s ability to connect to the healthcare ecosystem, aggregate and analyze data in real time enables better care, efficiency and financial performance across the healthcare ecosystem. Mainly due to the pre-financing of this investment, PEH’s portfolio was cash flow negative in the month under review, despite distributions of EUR 10.9 million from several portfolio funds, e.g. the Nordic countries for software for plagiarism prevention and detection, and Eagletree IV distributes proceeds from its investment into FuseFX Corp., one of the largest independent visual special effects (“VFX”) studios.

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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 diversified and professionally managed private equity portfolio with selective fund and direct investments in a simple and tax-efficient manner.

Income from the portfolio is partially reinvested and passed on to shareholders as an annual distribution. Private Equity Holding’s portfolio is managed by Alpha Associates, an independent investment manager for private equity, private debt and infrastructure based in Zurich.

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

The basis of the calculation of the net asset value and the disclaimer

The number of shares outstanding, which were 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 made in accordance with the International Financial Reporting Standards (IFRS) and the guidelines of Invest Europe (formerly the European Venture Capital Association). The valuations of the fund investments are based on the most recently reported net asset values ​​(NAVs) of the funds. When estimating the fair value of unlisted direct investments, Private Equity Holding AG takes into account the most suitable market valuation methods. 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 on the basis of a going concern assumption and is usually published within six trading days after the reference date. The different reporting dates of the individual investment companies and funds can lead to short-term distortions and deviations between the published NAV and the actual total value of the net assets of Private Equity Holding AG.

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