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9 Sep 2009 16:40
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News Release
Guernsey,Β 9Β SeptemberΒ 2009
PrincessΒ NAVΒ increases in August
The net asset value ("NAV") of Princess showed a positive performance in August, closing the month up 0.37% from the JulyΒ NAVΒ at EUR 6.87Β per share. Valuation adjustments had a positive effectΒ overallΒ on theΒ NAVΒ 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 theΒ NAV.
Dr. Stephan SchΓ€li, Partner and Head Private Capital at Princess' investment advisor Partners Group, comments: "Close to 60% of all general partner valuations asΒ of the end of the second quarter were received by the end of August 2009, with a large part of theΒ reports stemming from buyout funds. Although these funds reported the largest negative valuation adjustments in their first quarterΒ 2009Β accounts, a number of themΒ haveΒ now reported positive revaluations, reflecting the current market environment and particularly the stabilizing public equity markets."
About Princess
PrincessΒ is an investment holding company founded in 1999 and domiciled inΒ GuernseyΒ that invests in privateΒ equity and private debtΒ investments.Β The Company is advised in its investment activities by Partners GroupΒ AG, a global alternative asset management firmΒ listed on the SIX Swiss Exchange (ticker symbol: PGHN)Β withΒ overΒ CHFΒ 24Β billionΒ assets under managementΒ in private equity, private debt, private real estate,Β private infrastructure,Β absolute return strategies andΒ listed alternatives.Β PrincessΒ aims to provide shareholders with long-term capital growth and an attractive dividendΒ yield.Β PrincessΒ isΒ traded on the Frankfurt Stock Exchange (tickerΒ symbol:Β PEY1)Β and on the London Stock Exchange (ticker symbol: PEY).Β Further information:Β www.princess-privateequity.net
ContactsΒ
Princess Private Equity Holding Limited:
princess@princess-privateequity.net
www.princess-privateequity.net
Registered Number: 35241
MediaΒ enquiries:
Partners Group AG
Tamara Krebs
CommunicationsΒ
Tel.: +41 41 768 85 26
tamara.krebs@partnersgroup.com
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 theΒ United States of America,Β Canada,Β AustraliaΒ orΒ Japan.Β
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 theΒ United Kingdom.
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