JZ Capital Partners Net Asset Value Rises In First Quarter

LONDON (Alliance News) - London-listed private equity fund JZ Capital Partners Ltd on Monday said its net asset value rose in the three months to the end of May, its financial first quarter, as it invested USD68.4 million over the period.

JZ said its net asset value at the end of May was USD695 million, up from USD655 million a year earlier, a 6.1% rise. Its total net asset value return for the year to the end of May, including dividend payments, was 9.2%, it said.

The company said it invested USD68.4 million in the quarter, including a USD22 million investment in US wireless communication tower operator K2 Towers and a USD21.8 million investment in three real estate properties located in Florida and New York.

"We are pleased with the performance of the underlying portfolio which has resulted in net asset value growth for 23 of the last 25 quarters. We continue to source and develop exciting investment opportunities across the US and Europe. We look to the balance of 2015 with continued confidence and remain focused on delivering long-term value for our shareholders," said David Zalaznick, JZ's founder and investment advisor.

By Sam Unsted; samunsted@alliancenews.com; @SamUAtAlliance

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