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Last checked at 
14 Nov 2022 07:00
LEI: 549300Q7EXQQH6KF7Z84
14 November 2022
RTW Venture Fund Limited
Net Asset Value
RTW Venture Fund Limited (the "Company") announces that the unaudited net asset value attributable to the ordinary shares of the Company at the close of business on 31 October 2022 (the "NAV") was US$307 million, or US$1.45 per ordinary share, an increase of 0.6% from the previous month.
As at 31 October 2022, 26.9% of the total NAV was invested in privately-held core portfolio companies and 40.8% of the total NAV was invested in public core portfolio companies, most of which were initiated as private investments. 28.9% was invested in other liquid public positions (which mirror holdings in RTW Investments, LP private funds) in lieu of holding cash for future core investments.
For Further Information:
RTW Investments, LP | +44 (0) 77 1741 7711 |
Woody Stileman, Managing Director |
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Buchanan | +44 (0)20 7466 5107 |
Charles Ryland |
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Henry Wilson |
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George Beale |
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J.P. Morgan Cazenove | +44 (0)20 7742 4000 |
William Simmonds |
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Jérémie Birnbaum |
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James Bouverat (Sales) |
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BofA Securities | +44 (0) 20 7628 1000 |
Edward Peel |
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Kieran Millar |
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Elysium Fund Management Limited | +44 (0) 14 8181 0100 |
Joanna Duquemin Nicolle, Chief Executive Officer |
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Sadie Morrison, Managing Director |
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Morgan Stanley Fund Services USA LLC | +1 (914) 225 8885 |
Note:
1. | The NAV is determined by the Company's investment manager, RTW Investments, LP, in accordance with the Company's accounting policies. Investments by the Company in privately-held companies ("Private Portfolio Companies") have been valued at fair market value, taking into account the valuation prepared by Alvarez & Marsal Valuation Services LLC and the nature, facts and circumstances of the Private Portfolio Companies. Investments by the Company in companies listed on a public stock exchange (the "Public Portfolio Companies") have each been valued by reference to their market capitalisation as at close of business on 31 October 2022. The Company applies a valuation discount to its investments in Public Portfolio Companies that are subject to post-IPO lock-up provisions. |
About RTW Venture Fund Limited:
RTW Venture Fund Limited (LSE: RTW & RTWG) is an investment fund focused on identifying transformative assets with high growth potential across the biopharmaceutical and medical technology sectors. Driven by a long-term approach to support innovative businesses, RTW Venture Fund invests in companies developing next-generation therapies and technologies that can significantly improve patients' lives.
RTW Venture Fund Limited is managed by RTW Investments, LP, a leading healthcare-focused entrepreneurial investment firm with deep scientific expertise and a strong track record of supporting companies developing life-changing therapies.
Visit the RTW website at www.rtwfunds.com for more information.
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