Last checked at 30 Nov 2022 07:00
News Release
Guernsey, 30 November 2022
Princess publishes October NAV
· Princess Private Equity Holding Limited's ("Princess" or the "Company") net asset value decreased by 1.3% to EUR 14.08 per share, total NAV at EUR 973.8 million
· Currency movements were negative (-2.2%) and portfolio revaluations were positive (+1.2%)
· Princess received distributions of EUR 39.8 million
In line with the Company's announcement on 22 November 2022, Princess has paused material investments in the short-term to strengthen its liquidity position and enable cautious investment in the future.
Princess received distributions of EUR 39.8 million during the month, of which EUR 36.1 million stemmed from partial redemption from senior loans, for liquidity management purposes. EUR 2.4 million was received from KinderCare Education, the largest for-profit provider of early childhood education and care services in the US. The remaining balance of EUR 1.3 million was predominantly received from the mature legacy fund portfolio and debt investments.
Further information is available in the monthly report, which can be accessed via: http://www.princess-privateequity.net/en/investor-relations/financial-reports/.
Ends.
About Princess
Princess is an investment holding company founded in 1999 and domiciled in Guernsey. It invests, inter alia, in private equity and private debt investments. Princess is managed in its investment activities by Partners Group, a global private markets investment management firm with USD 131 billion in investment programs under management in private equity, private debt, private real estate and private infrastructure. Princess aims to provide shareholders with long-term capital growth and an attractive dividend yield. Princess is traded on the Main Market of the London Stock Exchange (ticker: PEY for the Euro Quote; PEYS for the Sterling Quote).
Contacts
Princess Private Equity Holding Limited:
princess@partnersgroup.com
www.princess-privateequity.net
Registered Number: 35241
LEI: 54930038LU8RDPFFVJ57
Investor relations contact
Sarah Page
Phone: +44 20 7575 2695
Email: sarah.page@partnersgroup.com
Media relations contact
Jenny Blinch
Phone: +44 207 575 2571
Email: jenny.blinch@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. 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 are not for distribution or publication, neither directly nor indirectly, in or into the United States of America, Canada, Australia or Japan.
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. Neither the contents of Princess' website nor the contents of any website accessible from hyperlinks on Princess' website (or any other website) is incorporated into, or forms part of, this announcement.