30th Apr 2008 17:29
Princess Private Equity Holding Ltd30 April 2008 News Release Guernsey, 30 April 2008 Princess publishes first quarter 2008 results Princess Private Equity Holding Limited ("Princess") today announces thepublication of its interim report for the period ended 31 March 2008. In thefirst quarter of 2008, the net asset value ("NAV") of Princess eased by 3.2% toEUR 9.34 per share. Notable events during the period under review include: * Overall, General Partners reported increases in value in their year-end 2007 reports, highlighting their confidence in the quality and future prospects of their portfolios. * The depreciation of the US dollar, valuation adjustments under IFRS as well as corrections in the listed portion of the portfolio irrespective of the quality of the underlying companies, all had a negative impact on the NAV reflecting the general adverse market conditions currently experienced. * Princess made one new secondary, one direct and five primary investments to, amongst others, funds aiming to capitalize on the excellent distressed opportunities currently available in the global financial markets. Urs Wietlisbach, Director of Princess, comments: "Rather than on short-termvolatility in the financial markets the performance of private equity fundsdepends on long-term macroeconomic developments, which Princess and itsInvestment Advisor believe will be positive in the medium term. Hence, theassessment of the prospects for the Princess portfolio continues to bepositive." A detailed analysis and commentary on the first quarter 2008 developments atPrincess are presented in the Interim Report published today, which can beaccessed via http://www.princess-privateequity.net/ About Princess Princess is an investment holding company founded in 1999 and domiciled inGuernsey that invests in private equity and private debt investments. TheCompany is advised in its investment activities by Partners Group, a globalalternative asset management firm listed on the SWX Swiss Exchange (tickersymbol: PGHN) with over CHF 24 billion assets under management in privateequity, private debt, private real estate, listed alternative investments, hedgefunds and alternative beta strategies. Princess aims to provide shareholderswith long-term capital growth and an attractive dividend yield. Princess istraded on the Frankfurt Stock Exchange (ticker symbol: PEY1) and on the LondonStock Exchange (ticker symbol: PEY). Further information:www.princess-privateequity.net Contacts Princess Private Equity Holding Limited: Ken Ball General Manager Phone: +44 1481 730 946 [email protected] www.princess-privateequity.net Media enquiries: Partners Group Tamara Krebs Communications Tel.: +41 41 768 85 26 [email protected] www.partnersgroup.net This document does not constitute an offer to sell or a solicitation of an offerto buy or subscribe for any securities and neither is it intended to be aninvestment advertisement or sales instrument of Princess Private Equity HoldingLimited. The distribution of this document may be restricted by law in certainjurisdictions. Persons into whose possession this document comes must informthemselves about, and observe any such restrictions on the distribution of thisdocument. In particular, this document and the information contained therein isnot for distribution or publication, neither directly nor indirectly, in or intothe United States of America, Canada, Australia or Japan. This document may have been prepared using financial information contained inthe books and records of the product described herein as of the reporting date.This information is believed to be accurate but has not been audited by anythird party. This document may describe past performance, which may not beindicative of future results. The product does not accept any liability foractions taken on the basis of the information provided in this document. Issued and approved by Partners Group (UK) Ltd., authorised and regulated by theFinancial Services Authority in the United Kingdom. This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
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