Private Equity Holding AG Reports Positive Performance in February 2024

On March 11, 2024, Private Equity Holding AG announced that the Net Asset Value (NAV) per share as of February 29, 2024, was EUR 154.76 (CHF 147.69), marking a +0.8% increase in EUR and +3.1% in CHF from January 31, 2024. This positive performance was attributed to notable valuation adjustments in several portfolio funds, including Procuritas VII and Alpha CEE Opportunity IV, benefited from increases in the share prices of their underlying investments. Among the highlighted successes were Kaspi, a Kazakhstani fintech firm, and Guala Closures, a leader in aluminum and non-refillable closures production.

The portfolio experienced a cash flow negative month, with distributions totaling EUR 0.7 million against EUR 1.9 million in capital paid into the portfolio. Insights into distributions revealed income from Eagletree III, associated with its investment in ALM Media, and from TA Associates XIII, which yielded proceeds from transactions in Benecon, InCorp, and the National Stock Exchange of India. The report also noted a significant capital call from TA Associates XIV, aimed at funding new and additional investments.