26th Aug 2022 08:54
(Alliance News) - Princess Private Equity Holding Ltd on Friday reported a monthly increase in its net asset value and received distributions of EUR2.3 million.
The company is a Guernsey-based investor in private equity and debt, managed by Partners Group Holding AG.
In July, its net asset value increased by 2.3% to EUR14.08 per share from EUR13.76 in June.
It noted that portfolio developments were positive and grew by 2.7%. However, currency movements were negative and declined by 1.3%.
Princess has invested a total of EUR26.9 million.
Of this amount, EUR13.3 million were invested in Forterro UK Ltd, a software services provider.
Further, EUR12.1 million were invested in Version 1, a digital transformation services provider.
Princess received distributions of EUR2.3 million in July, of which EUR1.9 million stemmed from its private equity investments, and EUR400,000 from its mature legacy fund portfolio and private debt investments.
Shares were untraded on Friday morning in London, last quoted at 965.00 pence each.
By Abby Amoakuh; [email protected]
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