Princess Private Equity Holding

LN: PEY

Market Cap€840m

Last Close €12.15

Princess Private Equity Holding is an investment holding company domiciled in Guernsey that invests in private equity and has a minor private debt position. Its portfolio consists mostly of direct investments but may also include primary and secondary fund investments. It aims to provide shareholders with long-term capital growth and an attractive dividend yield.

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Investment summary

Princess Private Equity Holding’s (PEY) NAV total return (TR) reached 19.4% in FY21 in euro terms, supported by exits (most notably from GlobalLogic) and unrealised revaluation gains across most of its top 10 portfolio holdings. Amid strong realisation activity (which outpaced its new private equity investments in FY21), PEY temporarily invested part of its dry powder in senior loans in H221 to mitigate cash drag. Having said that, PEY’s manager is confident in its investment pipeline, which currently includes c 50 live investment opportunities with a volume of over US$30bn in the near term (c six months). The company offers an attractive dividend yield of 5.3% (in line with its policy of distributing 5% of opening NAV).

Content on Princess Private Equity Holding
Princess Private Equity Holding – Seeking to deploy excess liquidity
Investment companies | research Update | 7 March 2022
Princess Private Equity Holding – Redeploying funds after strong realisations
Investment companies | research Update | 26 November 2021
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Share price graph
Price performance
%
1m
3m
12m
Actual 5 0.8 (5.8)
Relative* 11.9 7.2 (4.1)
52-week high/low €14.8/€10.3
*% relative to local index
Key management
Felix Haldner Partner

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