Pantheon International sees 6.5% increase in NAV per share

Writer, Stock Market Wire
Thursday, July 11, 2019 - 07:48

Pantheon International said its net asset value per share increased 6.5% from 30 April 2019 to 31 May 2019 and by 14.7% over the year to 31 May 2019 as valuation gains, investment income and foreign exchange movements offset expenses and taxes.

NAV per share increased 169.7p over the month and 355.8p over the year to 2,770.6p.

At 31 May 2019, the company's private equity assets stood at £1,450m, whilst its net available cash balances were £141m. The Asset Linked Note outstanding as at 31 May 2019 amounted to £92m.

Undrawn commitments to investments stood at £521m as at 31 May 2019, which was calculated using exchange rates at that date. The company's multi-currency revolving credit facilities comprised a US$163.0m facility and a €59.8m facility, both of which remained undrawn as at the month end.

Its portfolio generated net cash of £17.4m during the month, with distributions of £28.7m relative to £11.3m of calls from existing commitments to private equity funds. Over the year, it generated net cash of £169.8m, with distributions of £276.5m relative to £106.7m of calls from existing commitments to private equity funds.

Pantheon made £53.7m new commitments during the month across three primaries (£45.8m) and two secondaries (£7.9m). This included: a £23.8m primary commitment to Advent Global Private Equity IX, a large buyout fund with a global focus; a £20.5m primary commitment to Searchlight Capital III, a global special situations fund; and a £5.4m secondary direct investment in a US terminal and ports operator.

Seen over the year to 31 May 2019, it made 59 new investments, amounting to £340.7m in commitments. This included 13 secondary investments (£104.9m), 20 primary investments (£159.8m) and 26 co-investments (£76.0m).


Related content

Pantheon International NAV falls 1.2% in September

Private equity investor Pantheon International said its net asset value per share fell 1.2% during the month of September.

Valuation gains and investment income were...

Fri, 25/10/2019 - 07:37


Pantheon International performance slips in February

Private equity investor Pantheon International said its net asset value per share slipped 0.6% during the month of February on-month.

Valuation gains and investment income...

Tue, 26/03/2019 - 07:35


Pantheon International first-half performance jumps 10.7%

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...

Wed, 27/02/2019 - 08:16


Pantheon International NAV rises 1.5% in October

Private equity company investor Pantheon International said it grew its net asset value per share by 1.5% in the month of October, compared to September....

Fri, 23/11/2018 - 07:53


Pantheon International September NAV falls 0.4%

Private equity company investor Pantheon International said its net asset value per share fell 0.4% in the month of September compared to August.

Valuation gains...

Tue, 23/10/2018 - 07:39