REG - Partners Grp Pvt Eqt Partners Grp E-PEYS - PGPE Ltd publishes March NAV

Partners Private EquityAnnouncement

08/05/2025 07:01

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RNS Number : 8561H  Partners Group Private Equity Ltd  08 May 2025

(LSE: PEYS/PEY)

 

Partners Group Private Equity Limited

 

NAV decreased by 3.9% in March

 

 

·    NAV decreased by 3.9% to EUR 991.1 million corresponding to EUR 14.33
per share

·    Portfolio revaluations (-1.8%, with largest impact from KinderCare)
and unfavorable currency movements (-1.7%) driven by a weaker USD impacted NAV

·    PGPE Ltd invested EUR 2 million in portfolio companies and received
minimal distributions

·    At 31 March 2025, PGPE Ltd had a liquidity i  position of EUR 17.5
million and EUR 130.5 million undrawn credit facility

 

In March, global markets faced heightened volatility amid escalating
geopolitical tensions, trade concerns, and growing fears of a potential
recession in the US, which created headwinds for the dollar.

 

The Company's NAV decreased primarily due to revaluations of listed holdings,
reflecting broader market sentiment shifts rather than fundamental business
issues. The largest decline in revaluation (-1.6% of the NAV) came from
KinderCare Learning Companies ("KinderCare") due to its share price
performance over the period. On 20 March 2025, KinderCare announced its full
year results, reporting year-on-year revenue growth of 4.7% and adjusted
EBITDA growth of 4.9% for the fourth quarter, driven by higher tuition rates,
opening of new sites, and increased enrollment. The company now operates more
than 1'500 early childhood education centers and over 1'000 before- and
after-school sites. The company believes the negative reaction was due in part
to recent concerns over the US administration's plans to eliminate the
Department of Education.

 

Within the overall portfolio, appreciation of certain direct equity
investments partially neutralized the impact from listed holdings. For
instance, the value of Forterro, a pan-European software provider to the
industrial mid-market, increased in March 2025, driven by EBITDA growth
stemming from expanded bookings and revenue for the twelve months to 28
February 2025. Additionally, Forterro completed its acquisitions of BM Group
and Orgadata in the first quarter of 2025, solidifying its position in the
fenestration software segment.

 

 

Further information is available in the monthly report, which can be accessed
via:
https://www.partnersgroupprivateequitylimited.com/investors/reports-and-presentations
(https://www.partnersgroupprivateequitylimited.com/investors/reports-and-presentations)

 

 

 

Ends.

 

About Partners Group Private Equity Limited

PGPE Ltd (formerly Princess Private Equity Holding Limited) is an investment
holding company founded in 1999 and domiciled in Guernsey. It invests in
private equity direct investments. PGPE Ltd is managed in its investment
activities by Partners Group, a global private markets investment management
firm with over USD 150 billion in investment programs under management in
private markets, of which USD 78 billion is in private equity. Partners Group
itself is listed at the Swiss Stock Exchange (ticker: PGHN).  PGPE Ltd aims
to provide shareholders with long-term capital growth and an attractive
dividend yield. PGPE Ltd is traded on the Main Market of the London Stock
Exchange (ticker: PEY for the Euro Quote; PEYS for the Sterling Quote).

 

Contacts

Partners Group Private Equity Limited:

pgpe-ltd@partnersgroup.com

www.partnersgroupprivateequitylimited.com

 

 Investor relations contact:                  Media relations contact:

 Andreea Mateescu                             Jenny Blinch

 Phone: +41 41 784 66 73                      Phone: +41 41 784 65 26

 E-mail: andreea.mateescu@partnersgroup.com   E-mail: jenny.blinch@partnersgroup.com

 

Registered Number: 35241   LEI: 54930038LU8RDPFFVJ57

Notes:

1.     Note that references in this announcement to Partners Group Private
Equity Limited have been abbreviated to "PGPE Ltd" or "Company". References to
Partners Group AG have been abbreviated to "Partners Group" or "Investment
Manager".

2.     This document does not constitute an offer to sell or a
solicitation of an offer to buy or subscribe for any securities and neither is
it intended to be an investment advertisement or sales instrument of Partners
Group Private Equity Limited. The distribution of this document may be
restricted by law in certain jurisdictions. Persons into whose possession this
document comes must inform themselves about and observe any such restrictions
on the distribution of this document. In particular, this document and the
information contained therein is not for distribution or publication, neither
directly nor indirectly, in or into the United States of America, Canada,
Australia or Japan.

3.   This document may have been prepared using financial information
contained in the books and records of the product described herein as of the
reporting date. This information is believed to be accurate but has not been
audited by any third party. This document may describe past performance, which
may not be indicative of future results. No liability is accepted for any
actions taken on the basis of the information provided in this document.
Neither the contents of PGPE Ltd' website nor the contents of any website
accessible from hyperlinks on PGPE Ltd' website (or any other website) is
incorporated into, or forms part of, this announcement.

 i  Liquidity considers the value of temporary investments, which are made for
the primary purpose of liquidity management, including cash, cash equivalents,
government securities, money market funds, repurchase agreements, high-quality
short-term debt instruments, and interests in open-ended funds investing in
the foregoing.

 

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