Apax Global Alpha Ltd - Guernsey-based private equity and derived investments-focused firm - Hails "strong" performance during quarter ended March 31, says total net asset value return was 10%. Adjusted NAV rises 7.9% to EUR1.30 billion from EUR1.20 billion at end of December.
"It has been a very good start to the year with AGA continuing to deliver strong NAV performance in the quarter. There is a strong pipeline of new investments and the current portfolio is performing well, benefiting from a focus on sectors that are showing strong structural growth, and investment in digital enablement and digital acceleration. As global economies continue to open, AGA's portfolio is well positioned for continued growth and to generate further value for shareholders," Chief Operating Officer Ralf Gruss says.
Current stock price: 205.30 pence
Year-to-date change: up 6.4%
By Eric Cunha; ericcunha@alliancenews.com
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Apax Global Alpha (APAX)