Princess Private Equity Holding (PEY) posted only a slight decline in NAV in total return (TR) terms so far this year, which may be an indication of its portfolio’s resiliency. This allowed PEY to outperform public markets over the medium term with a NAV TR of 73.2% over the past five years versus the MSCI World TR at 66.9% (although PEY’s returns were behind private equity, PE, peers). Still, its shares experienced a stronger de-rating, leading to PEY’s discount to NAV widening to 17% from c 5% ....
01 Jul 2022
Princess Private Equity Holding - Withstanding the broader market turmoil so far
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Princess Private Equity Holding - Withstanding the broader market turmoil so far
Princess Private Equity Holding Limited (PEY:LON) | 1,062 53.1 0.5% | Mkt Cap: 734.7m
- Published:
01 Jul 2022 -
Author:
Milosz Papst -
Pages:
14
Princess Private Equity Holding (PEY) posted only a slight decline in NAV in total return (TR) terms so far this year, which may be an indication of its portfolio’s resiliency. This allowed PEY to outperform public markets over the medium term with a NAV TR of 73.2% over the past five years versus the MSCI World TR at 66.9% (although PEY’s returns were behind private equity, PE, peers). Still, its shares experienced a stronger de-rating, leading to PEY’s discount to NAV widening to 17% from c 5% ....