EQS Group-News: Private Equity Holding AG / Key word(s): Monthly Figures 
Net Asset Value as of December 31, 2020 
 
2021-01-11 / 18:00 
 
*NEWS RELEASE* 
 
Zug, January 11, 2021 
 
*Net Asset Value as of December 31, 2020* 
 
As of December 31, 2020, the Net Asset Value (NAV) per share of Private 
Equity Holding AG (PEH) stood at EUR 96.83 (CHF 104.74), representing an 
increase of 10.0% in EUR (12.2% in CHF) over the first nine months of the 
financial year including the distribution of CHF 1 per share in July 2020. 
 
In December, despite strong headwind from a weaker USD, PEH's performance 
was again positive (+0.4% in EUR) due to valuation increases in underlying 
funds, among others ALPHA CEE Opportunity IV, Clarus Lifesciences III and 
Mid Europa Fund IV, as well as in its direct co-investments Ozon.ru, a 
fast-growing Russian online retailer, Acino, a Swiss pharmaceutical company 
focusing on advanced drug delivery technologies, and Aston Martin, the 
British luxury car manufacturer. 
 
The portfolio was cash flow positive in December with total distributions 
amounting to EUR 5.8m. Noteworthy distributions were received from Pelion IV 
relating to NYSE-listed website-security company Cloudflare, and Warburg 
Pincus X distributed proceeds related to its investment in ESR Cayman 
Limited, a pan-regional logistics real estate platform operating mainly in 
Asia. 
 
In the reporting period, PEH committed EUR 5.0m to Highland Europe IV, a 
leading growth fund focusing on technology startups; PEH has been an 
investor in all prior Highland Europe funds and this marks the continuation 
of a very successful investment relationship. 
 
*** 
 
Private Equity Holding AG (SIX: PEHN) is a listed investment company for 
private equity investments. It offers institutional and private investors 
the opportunity to participate in a simple and tax-efficient manner in a 
diversified and professionally managed private equity portfolio with 
selective fund and direct investments. 
 
Income from the portfolio is partially reinvested, as well as passed on to 
the shareholders as annual distributions. Private Equity Holding's portfolio 
is managed by Alpha Associates, an independent Private Equity, Private Debt 
and Infrastructure investment manager based in Zurich. 
 
For further information, please contact: 
Kerstin von Stechow, Investor Relations, Kerstin.Stechow@peh.ch, phone +41 
41 726 79 80, http://www.peh.ch [1] 
 
*The basis of the Net Asset Value Calculation and Disclaimer* 
 
The number of outstanding shares used for calculation of the Net Asset Value 
per share amounted to 2,566,120 as of December 31, 2020 (November 30, 2020: 
2,578,642). The calculations are prepared in accordance with International 
Financial Reporting Standards (IFRS) and pursuant to the guidelines of 
Invest Europe (formerly known as the European Venture Capital Association). 
The valuations of the fund investments are based on the most recent reported 
net asset values (NAVs) of the funds. In estimating the fair value of 
unquoted direct investments, Private Equity Holding AG considers the most 
appropriate market valuation techniques. The fair value of listed direct 
investments is the market value. The NAV of Private Equity Holding AG is 
calculated at the end of each month under a going concern assumption and 
usually published within six trading days after the cut-off date. The 
different reporting cut-off dates of the individual companies and funds in 
which participations are held can lead to short-term distortions and cause 
discrepancies between the published NAV and the actual total value of 
Private Equity Holding AG's net assets. 
 
Additional features: 
 
File: PEH NAV Flyer December 2020 [2] 
 
End of Media Release 
Language:    English 
Company:     Private Equity Holding AG 
             Gotthardstr. 28 
             6302 Zug 
             Switzerland 
ISIN:        CH0006089921 
Listed:      SIX Swiss Exchange 
EQS News ID: 1159844 
 
End of News EQS Group News Service 
 
1159844 2021-01-11 
 
 
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(END) Dow Jones Newswires

January 11, 2021 12:00 ET (17:00 GMT)