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

Private Equity Holding AG / Key word(s): Net Asset Value
Private Equity Holding AG: Net Asset Value as of April 30, 2024

14.05.2024 / 18:00 CET/CEST
Net Asset Value
The issuer is solely responsible for the content of this announcement.

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NEWS RELEASE

Zug, May 14, 2024

Net Asset Value as of April 30, 2024

As of April 30, 2024, the Net Asset Value (NAV) per share of Private Equity
Holding AG (PEH) stood at EUR 159.71 (CHF 156.54), which remains almost
unchanged in EUR and represents a change of +0.7% in CHF since March 31,
2024.

The flat performance in April was a result of relatively small negative
valuation adjustments for several portfolio funds offset by favourable FX
movements and a few positive valuation adjustments in the portfolio. The
largest positive valuation adjustment was recorded for Blossom II, a
London-based European early-stage venture fund.

In April, the portfolio was cash-flow negative with total distributions
amounting to EUR 0.7m vs. EUR 2.5m paid into the portfolio. PEH received
distributions from Abry Senior Equity V relating to several investments
including Powerfleet, a global leader of internet of things (IoT)
software-as-a-service (SaaS) solutions, as well as from Alpha CEE II, which
distributed proceeds from various transactions. Notable capital calls were
received from various portfolio funds including Sycamore III that funded two
transactions, namely the acquisition of SP Cruises, a cruise line based in
Florida, and an add-on investment in Chateau Ste. Michelle, a Napa Valley
based winery.

The Annual General Meeting of PEH will take place on June 3, 2024, in Zug.

***

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
41 726 79 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 2,468,262 as of April 30, 2024 (March 31, 2024:
2,468,262). 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.


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Additional features:

File: https://eqs-cockpit.com/c/fncls.ssp?u=1200749ff04c784055cd40e3a625a51b
File description: PEH NAV Flyer April 24

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End of Net Asset Value News

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   Language:    English
   Company:     Private Equity Holding AG
                Gotthardstr. 28
                6302 Zug
                Switzerland
   ISIN:        CH0006089921
   Listed:      SIX Swiss Exchange

End of News EQS News Service
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1903063 14.05.2024 CET/CEST