Private Equity Managers S.A. Group reported financial results for the first quarter of 2017. For the quarter, the company reported 13% increase in revenue from the fixed management fee, earning PLN 4.5 million. The funds under management remain active as buyers and sellers. In the first quarter of 2017, the funds managed by the Group focused on cooperation with portfolio companies and searching for new investment targets. At the end of March 2017, Net Assets Under Management (NAV) totalled PLN 2.105 billion versus PLN 2.023 billion at the end of 2016, representing a 4% increase. The change in NAV is mostly due to a change in the valuations of the funds' portfolio companies and the new issuances of investment certificates.