Princess Private Equity (PEY) reported a c 21% NAV TR from January to end-October 2021 driven by exits (most notably GlobalLogic in Q121) and revaluations of existing portfolio holdings. PEY’s realisations outpaced new private equity investments in the period, which has led to an increase in net current assets. That said, PEY has temporarily allocated part of them in senior loans to mitigate the risk of cash drag and announced several new direct private equity investments that are still in the closure period. PEY’s investment manager is confident in its investment pipeline and expects PEY to be close to fully invested in H222.
26 Nov 2021
Princess Private Equity Holding - Redeploying funds after strong realisations
Sign up for free to access
Get access to the latest equity research in real-time from 12 commissioned providers.
Get access to the latest equity research in real-time from 12 commissioned providers.
Princess Private Equity Holding - Redeploying funds after strong realisations
Princess Private Equity Holding Limited (PEY:LON) | 1,062 53.1 0.5% | Mkt Cap: 734.7m
- Published:
26 Nov 2021 -
Author:
Milosz Papst -
Pages:
6
Princess Private Equity (PEY) reported a c 21% NAV TR from January to end-October 2021 driven by exits (most notably GlobalLogic in Q121) and revaluations of existing portfolio holdings. PEY’s realisations outpaced new private equity investments in the period, which has led to an increase in net current assets. That said, PEY has temporarily allocated part of them in senior loans to mitigate the risk of cash drag and announced several new direct private equity investments that are still in the closure period. PEY’s investment manager is confident in its investment pipeline and expects PEY to be close to fully invested in H222.