9th Sep 2009 16:40
News Release
Guernsey, 9 September 2009
Princess NAV increases in August
The net asset value ("NAV") of Princess showed a positive performance in August, closing the month up 0.37% from the July NAV at EUR 6.87 per share. Valuation adjustments had a positive effect overall on the NAV of 0.94%, mainly stemming from the buyout and special situations segments. Revaluations reported by general partners, of which close to 60% have now published their June-end accounts, strongly influenced the August performance. These valuations reflect the rise in public comparables due to the continuous rebound of stock markets during the second quarter. However, the positive contribution was partially mitigated by the depreciation of the US dollar against the Euro during August. Currency movements overall exerted a negative 0.38% impact on the NAV.
Dr. Stephan Schäli, Partner and Head Private Capital at Princess' investment advisor Partners Group, comments: "Close to 60% of all general partner valuations as of the end of the second quarter were received by the end of August 2009, with a large part of the reports stemming from buyout funds. Although these funds reported the largest negative valuation adjustments in their first quarter 2009 accounts, a number of them have now reported positive revaluations, reflecting the current market environment and particularly the stabilizing public equity markets."
About Princess
Princess is an investment holding company founded in 1999 and domiciled in Guernsey that invests in private equity and private debt investments. The Company is advised in its investment activities by Partners Group AG, a global alternative asset management firm listed on the SIX Swiss Exchange (ticker symbol: PGHN) with over CHF 24 billion assets under management in private equity, private debt, private real estate, private infrastructure, absolute return strategies and listed alternatives. Princess aims to provide shareholders with long-term capital growth and an attractive dividend yield. Princess is traded on the Frankfurt Stock Exchange (ticker symbol: PEY1) and on the London Stock Exchange (ticker symbol: PEY). Further information: www.princess-privateequity.net
Contacts
Princess Private Equity Holding Limited:
www.princess-privateequity.net
Registered Number: 35241
Media enquiries:
Partners Group AG
Tamara Krebs
Communications
Tel.: +41 41 768 85 26
www.partnersgroup.com
This document does not constitute an offer to sell or a solicitation of an offer to buy or subscribe for any securities and neither is it intended to be an investment advertisement or sales instrument of Princess Private Equity Holding Limited. The distribution of this document may be restricted by law in certain jurisdictions. Persons into whose possession this document comes must inform themselves about, and observe any such restrictions on the distribution of this document. In particular, this document and the information contained therein is not for distribution or publication, neither directly nor indirectly, in or into the United States of America, Canada, Australia or Japan.
This document may have been prepared using financial information contained in the 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 any third party. This document may describe past performance, which may not be indicative of future results. No liability is accepted for any actions taken on the basis of the information provided in this document.
Approved by Partners Group (UK) Ltd., authorised and regulated by the Financial Services Authority in the United Kingdom.
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