Private Equity Holding AG: Net Asset Value as of November 30, 2024

NEWS RELEASE

Zürich, December 11, 2024

Net Asset Value as of November 30, 2024

As of November 30, 2024, the Net Asset Value (NAV) per share of Private Equity Holding AG (PEH) stood at EUR 165.06 (CHF 153.63), representing a change of +3.9% in EUR (+2.9% in CHF) since October 31, 2024.

PEH's portfolio performance in November was very positive with a gain of EUR +16.9m. The exceptional performance was driven by positive valuation adjustments across both portfolio funds and direct co-investments, as well as favourable FX movements. Notably, Growth Fund II experienced significant gains driven by the valuation appreciation of a fintech company in the portfolio and the increase of the share prices of a financial services provider and a self-driving vehicle technology company. Pelion VI also benefitted from the share price increase of various underlying listed positions.

In November, the portfolio was cash-flow positive with total distributions amounting to EUR 4.4m vs. EUR 1.1m paid into the portfolio. Noteworthy distributions were received from Highland Europe I, resulting from its investment in AMCS, a sustainability-focused software provider, and Abry Heritage, distributing proceeds from the sale of Innovisk, an insurance and financial services provider. Furthermore, HIG Middle Market LBO III distributed proceeds from various transactions, mainly from the sale of USALCO, a wastewater treatment solutions provider.

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Private Equity Holding AG (SIX: PEHN) is a listed investment company for private equity investments. It offers institutional and private investors the opportunity to participate in a simple and tax-efficient manner in a diversified and professionally managed private equity portfolio with selective fund and direct investments.

Income from the portfolio is partially reinvested, as well as passed on to the shareholders as annual distributions. Private Equity Holding’s portfolio is managed by Amundi Alpha Associates, an independent Private Equity, Private Debt and Infrastructure investment manager based in Zurich.

For further information, please contact: 
Kerstin von Stechow, Investor Relations, Kerstin.Stechow@peh.ch, phone +41-44-515 70 80, http://www.peh.ch

The basis of the Net Asset Value Calculation and Disclaimer

The number of outstanding shares used for calculation of the Net Asset Value per share amounted to 2,466,833 as of November 30, 2024 (October 31, 2024: 2,467,700). The calculations are prepared in accordance with International Financial Reporting Standards (IFRS) and pursuant to the guidelines of Invest Europe (formerly known as the European Venture Capital Association). The valuations of the fund investments are based on the most recent reported net asset values (NAVs) of the funds. In estimating the fair value of unquoted direct investments, Private Equity Holding AG considers the most appropriate market valuation techniques. The fair value of listed direct investments is the market value. The NAV of Private Equity Holding AG is calculated at the end of each month under a going concern assumption. The different reporting cut-off dates of the individual companies and funds in which participations are held can lead to short-term distortions and cause discrepancies between the published NAV and the actual total value of Private Equity Holding AG's net assets.