ADVFN Logo

We could not find any results for:
Make sure your spelling is correct or try broadening your search.

Trending Now

Toplists

It looks like you aren't logged in.
Click the button below to log in and view your recent history.

Hot Features

Registration Strip Icon for discussion Register to chat with like-minded investors on our interactive forums.

PIN Pantheon International Plc

319.00
-0.50 (-0.16%)
28 Mar 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Pantheon International Plc LSE:PIN London Ordinary Share GB00BP37WF17 ORD 6.7P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  -0.50 -0.16% 319.00 317.50 319.00 320.50 316.00 320.50 699,689 16:35:12
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Unit Inv Tr, Closed-end Mgmt 82.02M 42.28M 0.0894 35.51 1.5B

Pantheon International PLC Monthly Performance Update (0039L)

28/09/2016 7:00am

UK Regulatory


Pantheon (LSE:PIN)
Historical Stock Chart


From Mar 2019 to Mar 2024

Click Here for more Pantheon Charts.

TIDMPIN

RNS Number : 0039L

Pantheon International PLC

28 September 2016

28(th) September 2016

Pantheon International Plc

Performance Update at 31(st) August 2016

Month to 31(st) August 2016

Pantheon International Plc ("PIP") announces an unaudited net asset value ("NAV") per share at 31(st) August 2016 of 1,956.0p, an increase of 67.9p (3.6%) from the NAV per share as at 31(st) July 2016. Valuation gains (46.9p, 2.5%), investment income (0.8p) and foreign exchange movements (22.9p, 1.2%) were offset by expenses and taxes* (-2.7p, -0.1%).

PIP's valuation policy for private equity funds is based on the latest valuations reported by the managers of the funds in which PIP has holdings. In the case of PIP's valuation at 31(st) August 2016, the majority of reported valuations (accounting for circa 97% by value) are dated 31(st) March 2016 or later.

At 31(st) August 2016, PIP's private equity assets stood at GBP1,108m, whilst cash balances were GBP135m. Undrawn commitments to investments stood at GBP403m at 31(st) August 2016, calculated using exchange rates at that date. In addition, PIP's multi-currency revolving credit facility agreement, comprising a US$100m facility and a EUR46m facility, remained completely undrawn.

PIP's portfolio generated net cash of GBP12.4m during the month, with distributions of GBP15.3m relative to GBP2.9m of calls from existing commitments to private equity funds.

PIP completed two new investments during the month, amounting to GBP6.3m of total commitments. This comprised of a GBP4.5m co-investment alongside AION Capital Partners for the acquisition of the commercial lending and leasing business of GE Capital in India; and a GBP1.8m co-investment alongside funds managed by Charlesbank Capital Partners in Polyconcept, one of the largest global suppliers of promotional products.

* Withholding taxes on investment distributions.

Monthly Report

The August monthly newsletter can be accessed on PIP's website at www.piplc.com in the Investor Relations section under the heading "Newsletters", or by following this link: http://www.piplc.com/investor-relations/newsletters.

Ends

NOTES

PIP

PIP is a London quoted investment trust, managed by Pantheon Ventures (UK) LLP ("Pantheon"), a leading global private equity fund investor, investing in both primary funds and secondary transactions, and from time to time capitalising further on its fund investment activities by acquiring direct holdings in unquoted companies, usually either where a vendor is seeking to sell a combined portfolio of fund interests and direct holdings or where there is a private equity manager, well known to Pantheon, investing on substantially the same terms. With investments in private equity funds, covering multiple private equity strategies ranging from investments in late stage buyouts to early stage technology, PIP enables individuals as well as institutions to gain access to a substantial portfolio of unquoted companies in the USA, the UK, Continental Europe and Asia, within funds managed by experienced private equity managers.

Pantheon

Pantheon is a leading global private equity fund investor that invests on behalf of over 380 institutional investors. Established over 30 years ago, Pantheon has developed a strong reputation and track record in primary, secondary and co-investments and across all stages and geographies. Pantheon has GBP23.6 billion in AUM** (as at 31(st) March 2016), 210 employees, including 72 investment professionals, located across offices in London, San Francisco, New York, Hong Kong, Seoul and Bogotá.

** This figure includes assets subject to discretionary or non-discretionary management, advice or those limited to a reporting function.

For more information please visit PIP's website at www.piplc.com or contact:

Andrew Lebus or Vicki Bradley

Pantheon

020 3356 1800

Neither the contents of PIP's website nor the contents of any website accessible from hyperlinks on PIP's website (or any other website) is incorporated into, or forms part of this announcement.

This information is provided by RNS

The company news service from the London Stock Exchange

END

MSCSEFFMWFMSEIU

(END) Dow Jones Newswires

September 28, 2016 02:00 ET (06:00 GMT)

1 Year Pantheon Chart

1 Year Pantheon Chart

1 Month Pantheon Chart

1 Month Pantheon Chart

Your Recent History

Delayed Upgrade Clock