Investment accounts
Adult accounts
Child accounts
Choosing Fidelity
Choosing Fidelity
Why invest with us Current offers Fees and charges Open an account Transfer investments
Financial advice & support
Fidelity’s Services
Fidelity’s Services
Financial advice Retirement Wealth Management Investor Centre (London) Bereavement
Guidance and tools
Guidance and tools
Choosing investments Choosing accounts ISA calculator Retirement calculators
Share dealing
Choose your shares
Tools and information
Tools and information
Share prices and markets Chart and compare shares Stock market news Shareholder perks
Pensions & retirement
Pensions, tax & tools
Saving for retirement
Approaching / In retirement
Approaching / In retirement
Speak to a specialist Creating a retirement plan Taking tax-free cash Pension drawdown Annuities Investing in retirement Investment Pathways
Pantheon net asset value expands 0.9pc in March
(Sharecast News) - Pantheon International reported a 0.9% month-on-month improvement in its unaudited net asset value per share in March on Friday, to 488.1p, as its total net asset value stood at £2.3bn. The FTSE 250 company said in the month ended 31 March, valuation gains accounted for a positive movement of 3.8p, or 0.8%, while investment income added 0.6p, or 0.1%.
Additionally, foreign exchange movements contributed 0.4p, or 0.1%, and share buybacks added 0.6p, or 0.1%.
However, expenses and taxes deducted 1.2p, or 0.2%, from its overall performance.
PIP said that at the end of March, 9% of its reported valuations were current, with 79% from December, 11% from September, and 1% from June.
Notably, 6.8% of its current valuations reflected the mark-to-market fair value adjustment for PIP's listed company holdings.
Private equity assets for PIP amounted to £2.46bn as of 31 March, with net available cash balances at £13m.
The asset-linked note outstanding totalled £28m, while undrawn commitments to investments stood at £766m.
PIP said it maintained a five-year multi-tranche, multi-currency revolving credit facility of £500m, with £32m drawn down as of 31 March.
Furthermore, PIP held $150m (£119m) of private placement notes outstanding, resulting in a net debt-to-net asset value ratio of 6.0%.
During the month, PIP made a primary commitment of £20m to Altor Carbon Transition I, a European growth buyout fund focusing on green transition and industrial decarbonisation.
Additionally, it invested £5.5m in share buybacks, acquiring 1,720,609 shares at a weighted average price of 319.1p per share, representing a discount of 33.1% to the prevailing net asset value per share.
Reporting by Josh White for Sharecast.com.
Share this article
Related Sharecast Articles
Important information: This information is not a personal recommendation for any particular investment. If you are unsure about the suitability of an investment you should speak to one of Fidelity’s advisers or an authorised financial adviser of your choice. When you are thinking about investing in shares, it’s generally a good idea to consider holding them alongside other investments in a diversified portfolio of assets. Past performance is not a reliable indicator of future returns.
Award-winning online share dealing
Search, compare and select from thousands of shares.
Expert insights into investing your money
Our team of experts explore the world of share dealing.
Policies and important information
Accessibility | Conflicts of interest statement | Consumer Duty Target Market | Consumer Duty Value Assessment Statement | Cookie policy | Diversity, Equity & Inclusion | Doing Business with Fidelity | Diversity, Equity & Inclusion Reports | Investing in Fidelity funds | Legal information | Modern slavery | Mutual respect policy | Privacy statement | Remuneration policy | Staying secure | Statutory and Regulatory disclosures | Whistleblowing programme
Please remember that past performance is not necessarily a guide to future performance, the performance of investments is not guaranteed, and the value of your investments can go down as well as up, so you may get back less than you invest. When investments have particular tax features, these will depend on your personal circumstances and tax rules may change in the future. This website does not contain any personal recommendations for a particular course of action, service or product. You should regularly review your investment objectives and choices and, if you are unsure whether an investment is suitable for you, you should contact an authorised financial adviser. Before opening an account, please read the ‘Doing Business with Fidelity’ document which incorporates our client terms. Prior to investing into a fund, please read the relevant key information document which contains important information about the fund.
This website is issued by Financial Administration Services Limited, which is authorised and regulated by the Financial Conduct Authority (FCA) (FCA Register number 122169) and registered in England and Wales under company number 1629709 whose registered address is Beech Gate, Millfield Lane, Lower Kingswood, Tadworth, Surrey, KT20 6RP.