Private Equity Holding AG Reports a Positive Net Asset Value for November 2024

Private Equity Holding AG (PEH) has announced a notable increase in its Net Asset Value (NAV) as of November 30, 2024. The NAV per share reached EUR 165.06 (CHF 153.63), marking a 3.9% increase in EUR terms and 2.9% in CHF since the end of October 2024. This growth was largely driven by favourable valuation adjustments across the company's portfolio, particularly within the Growth Fund II, which saw significant gains from fintech investments and increases in share prices of companies in the financial services and self-driving technology sectors.

In addition to strong valuation gains, PEH experienced substantial cash-flow positivity in November. The portfolio received total distributions of EUR 4.4 million, notably from Highland Europe I and Abry Heritage funds. These gains were counterbalanced by minimal EUR 1.1 million investments made into the portfolio, resulting in a net positive cash flow. Other notable distributions included proceeds from the sale of USALCO by HIG Middle Market LBO III.