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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.
Investment Companies
Financials
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Director, Financials
Felix Haldner
Partner
| % | 1M | 3M | 12M |
|---|---|---|---|
| Actual | 6.5 | 4.0 | (7.1) |
| Relative | 8.8 | 8.4 | (6.1) |
| 52 week high/low | €12.6/€7.8 |
During its Q422 results release, Princess Private Equity (PEY) announced the discontinuation of its foreign exchange (FX) hedging strategy from 1 April 2023 and an upsizing of its credit facility from €110m to €140m in response to the holding-level liquidity constraints it faced in late 2022. We believe investors should welcome these measures, as they facilitate PEY’s balance sheet management while allowing it to stay close to fully invested (investment level at 101.3% at end-January 2023) and to resume its dividend payments in line with the policy of paying out 5% of opening net asset value (NAV).
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