JZ Capital Ptnrs Ltd Net Asset Value(s)

 
TIDMJZCP TIDMJZCC TIDMJZCN 
 
JZ CAPITAL PARTNERS LIMITED (the "Company" or "JZCP") 
 (a closed-ended investment company incorporated with limited liability under 
              the laws of Guernsey with registered number 48761) 
                           LEI 549300TZCK08Q16HHU44 
 
                        Monthly Net Asset Value ("NAV") 
 
The unaudited Net Asset Value per Ordinary Share of the Company as at the close 
of business on 31st October 2020 was as follows: 
 
Company Name                Date                    NAV per Ordinary Share 
 
JZ Capital Partners Limited 31st October 2020       US$ 4.51 
 
JZCP's NAV at 31 October 2020 is $4.51 per share ($4.60 at 31 August 2020), the 
decrease in NAV per share of (9) cents per share is due to net investment 
losses of (5) cents and expenses and finance costs of (9) cents offset by 
accrued income of 3 cents, net fx gains of 1 cent and the change in the fair 
value of the Company's CULS of 1 cent 
 
The Company has completed the sale of its interests in certain US micro-cap 
portfolio companies (the "Secondary Sale"). The Secondary Sale is structured as 
a sale and contribution to a newly formed fund, JZHL Secondary Fund LP. On 
Closing on 4th December 2020 the Company received: (i) Cash Consideration, 
being $90 million (less any fees and expenses); and (ii) a special limited 
partner interest in the newly formed fund which will initially be valued at 
approximately $40 million. Adding this figure to the cash consideration of $90 
million (less any fees and expenses) would indicate a write down to the 
Company's October NAV of approximately $38 million (49 cents). This write down 
is not reflected in the 31 October 2020 NAV. 
 
 
 
Enquiries: 
Company website:         www.jzcp.com 
 
Northern Trust International Fund Administration Services (Guernsey) Limited 
Email:  [e-mail] 
 
 
 
 
 
 
END 
 

(END) Dow Jones Newswires

December 09, 2020 10:19 ET (15:19 GMT)