Princess Private Equity Holding

Overview
Price performance
Financials
Research
Thematics

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.

Latest Insights

Investment Companies |
Review

29.04.24

Princess Private Equity Holding — Introducing a well-defined buyback policy

Investment Companies |
Update

05.12.23

Princess Private Equity Holding — Offering an attractive dividend yield

Investment Companies |
Update

31.08.23

Princess Private Equity Holding — Waiting for a rebound in global PE deal activity

Investment Companies |
Update

03.03.23

Princess Private Equity Holding — Planning to resume dividend payments in June

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Sector

Investment Companies

Equity Analyst

Milosz Papst

Director, Financials

Key Management

Dr Cyrill Wipfli

Investment manager representative
Sarah Page

IRO

Share Price Performance

Price Performance
%	1M	3M	12M
Actual	0.9	4.3	13.3
Relative	(1.8)	(2.4)	7.9
52 week high/low	€10.9/€9.3

Overview

Princess Private Equity Holding’s (PEY’s) 12-month NAV total return (TR) to end-February 2024 was a modest 0.6% amid low exit activity across private equity (PE) markets. That said, if the pick-up in global M&A volumes witnessed earlier in 2024 continues, it should support PEY’s exit activity. This in turn would translate into improved returns if PEY delivers sizeable uplifts to previous carrying values upon exits, as it has done historically. In this context, we note that PEY has a good pipeline of mature investments that are potentially ripe for sale. PEY’s shares now trade at a 24% discount to NAV versus a 10-year average of 18%.