Last checked at 
20 Sep 2012 11:24
20th September 2012
Pantheon International Participations PLC (the "Company") Net Asset Value at 31st August 2012
Pantheon International Participations PLC ("PIP"), the quoted private equity fund-of-funds investment trust, today announces an unaudited net asset value ("NAV") per share of 1,188.3p at 31st August 2012, an increase of 0.2% for the month. During the month, net gains from the portfolio of 11.0p per share were partially offset by losses from foreign exchange movements and expenses.
PIP's valuation policy for private equity funds is based on the latest valuations reported by the managers of the fund in which PIP has holdings. In the case of PIP's valuation at 31st August 2012, the majority of reported valuations (accounting for circa 91% by value) are dated 30th June 2012.
At 31st August 2012, PIP's private equity assets stood at £787m, whilst cash balances were approximately £58m. Undrawn commitments to investments stood at £ 181m at 31st August 2012, calculated using exchange rates at that date. In addition, the Company's multi-currency revolving credit facility agreement, comprising an US$82m facility and a €57m facility, was completely undrawn.
Distributions in the month were £16.4m and capital calls amounted to £0.2m. PIP made new commitments of £11.7m to acquire a £10.4m secondary interest and a co-investment of £1.3m. The Company also invested in share buybacks, acquiring for cancellation 195,000 redeemable shares at a price of 730p per share.
Monthly Report
The August monthly newsletter can be accessed on PIP's website at www.pipplc.com in the Investor Relations section under the heading "Reports & Newsletters", or by following this link: http://www.pipplc.com/ investor-relations/financial-reports.
Ends NOTESPIP
Pantheon International Participations ("PIP") is a London quoted investment trust, managed by Pantheon, one of the longest-established international private equity fund-of-funds managers, investing in both primary funds and secondary transactions. With investments in private equity funds, covering late stage buyouts to early stage technology, PIP enables individuals as well as institutions to gain access to a substantial portfolio of unquoted companies in the USA, the UK, Continental Europe and Asia, within funds managed by experienced private equity managers. PIP may occasionally acquire direct holdings in unquoted companies, usually where a vendor is seeking to sell a combined portfolio of funds and direct holdings. PIP's investment policy also extends to investing directly in companies where there is a private equity manager well known to the Company investing on the same terms.
Pantheon
Pantheon has been active in private equity since 1982 and is now one of the world's leading private equity fund-of-funds managers, with £15.0bn under management (as at 31st March 2012). Pantheon has offices in London, San Francisco, New York and Hong Kong, and has made investments in over 1,000 funds globally.
For more information please visit PIP's website at www.pipplc.com or contact:
Andrew Lebus or Alexis Barling
Pantheon
020 7484 6200
Neither the contents of the Company's website nor the contents of any website accessible from hyperlinks on the Company's website (or any other website) is incorporated into, or forms part of this announcement.
Pantheon International Telephone +44 (0) 20 Participations PLC 7484 6200 Norfolk House Facsimile +44 (0)20 7484 6201 31 St. James's Square E-mail: London SW1Y 4JR pip.ir@pantheon.com Internet: www.pipplc.com
Registered office: Beaufort House, 51 New North Road, Exeter, Devon EX4 4EP. Incorporated in England number: 2147984.
An investment company under section 833 of the Companies Act 2006. Managed by Pantheon Ventures (UK) LLP.
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