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LONDON (Alliance News) - Pantheon International Participations PLC on Thursday reported a rise in its net asset value per share in its recently-ended financial year, beating its benchmarks, driven by its underlying private equity assets and favourable foreign exchange rates.
The company said its NAV per share in the year ended June 30 grew 12% to 1,532.4 pence from 1,364.2p the year before, beating the FTSE All-Share TR, which posted a 3% rise, and the MSCI World TR, which saw growth of 11%.
It said growth was driven by its underlying private equity assets, while foreign exchange movements also helped, reflecting its high portfolio weighting in US assets. Share buybacks also added 0.3% to NAV per share.
"We look forward to continuing to take advantage of an active pipeline of investments through the year, so as to maintain our investment pace which is designed to renew our portfolio over an approximate rolling five year time frame," Pantheon said in a statement.
Shares in Pantheon were trading up 1.0% at 1,314.99 pence Thursday morning.
By Karolina Kaminska; karolinakaminska@alliancenews.com @KarolinaAllNews
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