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 
 
 
Clarification regarding the Company's 30th November 2020 Net Asset Value 
("NAV") and the completed Secondary Sale 
 
The unaudited Net Asset Value per Ordinary Share of the Company as at the close 
of business on 30th November 2020 was as follows: 
 
Company Name             Date                 NAV per Ordinary Share 
 
JZ Capital Partners      30th November 2020   US$ 4.36 
Limited 
 
 
JZCP's NAV at 30 November 2020 is $4.36 per share ($4.51 at 31 October 2020), 
the decrease in NAV per share of (15) cents per share is due to net investment 
losses of (8) cents, expenses and finance costs of (4) cents, net fx losses of 
(1) cent and change in the fair value of the Company's CULS of (3) cents offset 
by accrued income of 1 cent. 
 
In December 2020, the Company completed the sale of its interests in certain US 
micro-cap portfolio companies (the "Secondary Sale"). The Secondary Sale was 
structured as a sale and contribution to a newly formed fund, JZHL Secondary 
Fund LP. The Company received consideration of: (i) Cash Consideration, being 
$87.7 million (after fees and expenses); and (ii) a special limited partner 
interest in the newly formed fund which will initially be valued at 
approximately $40.0 million. Adding this figure to the cash consideration 
received would indicate a write down to the Company's net asset value of 
approximately $40.0 million (52 cents). This write down is not reflected in the 
30 November NAV. 
 
 
 
 
Enquiries: 
Company website:         www.jzcp.com 
 
Northern Trust International Fund Administration Services (Guernsey) Limited 
Email:     [e-mail] 
 
 
 
END 
 

(END) Dow Jones Newswires

January 05, 2021 04:22 ET (09:22 GMT)