EQS Group-News: Private Equity Holding AG / Key word(s): Monthly Figures 
Net Asset Value as of November 30, 2020 
 
2020-12-08 / 18:00 
 
*NEWS RELEASE* 
 
Zug, December 8, 2020 
 
*Net Asset Value as of November 30, 2020* 
 
As of November 30, 2020, the Net Asset Value (NAV) per share of Private 
Equity Holding AG (PEH) stood at EUR 96.40 (CHF 104.36), representing an 
increase of 13.6% in EUR (15.2% in CHF) since October 31, 2020. This 
increase marks the largest monthly NAV increase of PEH since the re-start of 
its investment activity in 2007. 
 
One of the key drivers of the exceptional portfolio performance in November 
was the IPO and subsequent share price appreciation of Ozon, a fast-growing 
Russian online retailer and one of the leading Russian internet companies. 
PEH recently co-invested USD 1.4m in Ozon and also has an indirect exposure 
through several fund positions. Further positive valuation adjustments were 
recorded for positions in recently listed companies Corsair (through 
EagleTree IV), Allegro (through Alpha CEE Opportunity IV and Mid Europa Fund 
IV) and Kaspi Bank (through Alpha CEE Opportunity IV). Additionally, most of 
PEH's portfolio funds reported their strong Q3 2020 performance in November, 
which further contributed to last month's NAV performance. 
 
The portfolio was cash flow-positive in November with total distributions 
amounting to EUR 4.3m; noteworthy distributions were received from Alpha CEE 
Opportunity VI, ABRY VIII and EagleTree IV. 
 
*** 
 
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 2,578,642 as of November 30, 2020 (October 31, 2020: 
2,584,642). 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 November 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: 1153735 
 
End of News EQS Group News Service 
 
1153735 2020-12-08 
 
 
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(END) Dow Jones Newswires

December 08, 2020 12:00 ET (17:00 GMT)