(Sharecast News) - Pantheon International announced an unaudited net asset value per share of 489.7p as of 30 April on Friday, reflecting a 0.3% increase from the prior month.
The FTSE 250 company said its total net asset value stood at £2.3bn, with a net portfolio cash flow of -£7.8m.
It said the net asset value per share growth was driven by factors including valuation losses of -1.5p, neutral investment income, positive foreign exchange movements of +3.1p, contributions from share buybacks of +0.8p, and expenses and taxes amounting to -0.8p.
The company said that as of the end of April, its private equity assets totaled £2.5bn, with net available cash balances of £11m.
The outstanding asset-linked note (ALN) was £27m, while undrawn commitments amounted to £771m.
Pantheon said it maintained a £500m multi-currency revolving credit facility, with £69m drawn as of 30 April.
It also had $150m (£120m) in private placement notes, resulting in a net debt-to-net asset value ratio of 7.8%.
During April, Pantheon committed £34m to new investments, including an £11.7m primary commitment to a North American venture capital fund focused on AI infrastructure, an £11.6m secondary investment with IK Partners in Yellow Hive, a Dutch insurance firm, and a £10.7m co-investment with KKR in Cotiviti, a US healthcare technology company.
It also executed £8m in share buybacks, purchasing 2,463,317 shares at an average price of 325.7p per share, which represented a 32.9% discount to the prevailing net asset value per share.
At 1153 BST, shares in Pantheon International were up 0.06% at 326.7p.
Reporting by Josh White for Sharecast.com.
Pantheon International (PIN)