(LSE: PEYS/PEY)
Partners Group Private Equity
Limited
PGPE Ltd publishes July
NAV
· NAV
decreased by 0.7% to EUR 14.28 per share; total net assets at EUR
987.40 million
·
Revaluations (-0.4%, of which -0.2% was due to the
movement in the listed share price of Galderma), and currency
movements (-0.4%) detracted from NAV
· PGPE Ltd
invested EUR 2.2 million and received distributions of EUR 1.7
million
In July, the net asset value of PGPE Ltd decreased by
0.7%. The performance was partly driven by Galderma, a
Switzerland-headquartered pharmaceutical company specializing in
dermatological treatments and skin care products. The company is
listed on the SIX Swiss Exchange and its share price saw a decline
at the end of the month as a result of market compression.
Nevertheless, the share price has since increased with the company
announcing in August that it has signed a memorandum of
understanding with L'Oréal to work towards a new research and
development (R&D) collaboration. This would take the form of a
scientific partnership focused on complementary research projects
which could develop advanced, future-proof technologies with direct
applications in the field of dermatology.
After the month's end, the Company held its
semi-annual webcast to update investors on the recent developments
of the portfolio. The recording is available under the following
link.
Further information is available in the monthly
report, which can be accessed via:
https://www.partnersgroupprivateequitylimited.com/en/investor-relations/financial-reports/
Ends.
About Partners Group
Private Equity Limited
PGPE Ltd (formerly Princess Private Equity Holding
Limited) is an investment holding company founded in 1999 and
domiciled in Guernsey. It invests in private equity direct
investments. PGPE Ltd is managed in its investment activities by
Partners Group, a global private markets investment management firm
with USD 149 billion in investment programs under management in
private markets, of which USD 76 billion is in private equity. PGPE
Ltd aims to provide shareholders with long-term capital growth and
an attractive dividend yield. PGPE Ltd is traded on the Main Market
of the London Stock Exchange (ticker: PEY for the Euro Quote; PEYS
for the Sterling Quote).
Contacts
Partners Group Private Equity Limited:
pgpe-ltd@partnersgroup.com
www.partnersgroupprivateequitylimited.com
|
Investor relations contact:
Andreea Mateescu
Phone: +41 41 784 66 73
E-mail: andreea.mateescu@partnersgroup.com
|
Media relations contact:
Jenny Blinch
Phone: +41 41 784 65 26
E-mail:
jenny.blinch@partnersgroup.com
|
Registered Number:
35241 LEI: 54930038LU8RDPFFVJ57
Notes:
1. Note that
references in this announcement to Partners
Group Private Equity Limited have been
abbreviated to "PGPE Ltd" or "Company". References to Partners
Group AG have been abbreviated to "Partners Group" or "Investment
Manager".
2. This
document does not constitute an offer to sell or a solicitation of
an offer to buy or subscribe for any securities and neither is it
intended to be an investment advertisement or sales instrument
of Partners Group Private Equity
Limited. The distribution of this document
may be restricted by law in certain jurisdictions. Persons into
whose possession this document comes must inform themselves about
and observe any such restrictions on the distribution of this
document. In particular, this document and the information
contained therein is not for distribution or publication, neither
directly nor indirectly, in or into the United States of America,
Canada, Australia or Japan.
3.
This document may have been prepared using
financial information contained in the books and records of the
product described herein as of the reporting date. This information
is believed to be accurate but has not been audited by any third
party. This document may describe past performance, which may not
be indicative of future results. No liability is accepted for any
actions taken on the basis of the information provided in this
document. Neither the contents of PGPE Ltd' website nor the
contents of any website accessible from hyperlinks on PGPE Ltd'
website (or any other website) is incorporated into, or forms part
of, this announcement.