IN BRIEF: Patria Private Equity's net asset value rises in September
Patria Private Equity Trust PLC - Edinburgh, Scotland-based investment company managed by Patria Capital Partners LLP - Estimated net asset value per share rises 1.0% to 821.7 pence at September 30 from 813.4p at a month earlier. Estimated NAV improves to GBP1.22 billion from GBP1.21 billion. Credits the advancement to gains arising from a 0.7% appreciation in the euro against sterling in September. Notes it paid GBP26.8 million of drawdowns during the month, and received GBP12.4 million of distributions. Reports outstanding commitments of GBP761.0 million at September 30, with the manager believing that approximately GBP93.0 million are unlikely to be drawn. Adds that it drew down GBP31.2 million in September from its GBP400.0 million syndicated revolving credit facility. This increased the total drawn balance to GBP226.5 million, leaving GBP173.5 million undrawn. Read More