Private equity company investor Pantheon International posted an improved first-half performance that beat its benchmark.
The company's net asset value per share for the six months through November rose 10.7% to 2,674.3p.
On an annualised basis through November, the company's one-year NAV per share rose 19.1%m, compared to a 1.5% fall on the FTSE All Share total return index.
'PIP has made good progress during the first half of its financial year,' chairman Laurie Magnus said.
'Our performance was helped by the strong flow of distributions from exits.'
'These have been used by our manager to replenish the portfolio with a range of compelling, carefully selected new investments.'
'The board is confident, in view of PIP's strong balance sheet and liquidity, that it is well placed both to take advantage of opportunities and to withstand possible headwinds that may emerge from the uncertain political and economic environment that lies ahead.'
At 8:16am: (LON:PIN) Pantheon International PLC share price was -5p at 2115p