10th Jan 2019 09:03
LONDON (Alliance News) - Pantheon International PLC said its net asset value increased in November due to valuation gains, investment income, and foreign exchange.
As at November 30, the FTSE 250-listed fund-of-funds investment trust said that net asset value per share stood at 2,674.3 pence, rising from 2,603.2p on October 31.
Valuation gains contributed 68.5p to net asset value, the majority of the increase for the period, while investment income added 1.3p and positive movements in foreign exchange contributed another 4.3p. This was partially offset by expenses and taxes, which dropped net asset value by 3.0p.
As at November 30, Pantheon International's private equity assets totalled GBP1.45 billion, while its net available cash balances were GBP104 million.
The investor has debt facilities of USD163.0 million and EUR59.8 million, both of which remained undrawn at the end of November.
Pantheon International's portfolio generated GBP6.1 million of net cash in the month of November and GBP79.2 million in the six months to November 30.
The company made GBP32.3 million of new investment commitments during the month and GBP203.4 million in commitments for the six months to November 30.
Shares in Pantheon International were flat at 1,985.00p on Thursday morning.
Related Shares:
Pantheon International