Net Asset Value(s)
14/10/2022 07:00
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RNS Number : 8448C RTW Venture Fund Limited 14 October 2022
LEI: 549300Q7EXQQH6KF7Z84
14 October 2022
RTW Venture Fund Limited
Net Asset Value
RTW Venture Fund Limited (the "Company") announces that the unaudited net
asset value attributable to the ordinary shares of the Company at the close of
business on 30 September 2022 (the "NAV") was US$305 million, or US$1.44 per
ordinary share, a decrease of 1.7% from the previous month.
As at 30 September 2022, 27.5% of the total NAV was invested in privately-held
core portfolio companies and 39.1% of the total NAV was invested in public
core portfolio companies, most of which were initiated as private investments.
30.5% was invested in other liquid public positions (which mirror holdings in
RTW Investments, LP private funds) in lieu of holding cash for future core
investments.
For Further Information:
RTW Investments, LP +44 (0) 77 1741 7711
Woody Stileman, Managing Director
Buchanan +44 (0)20 7466 5107
Charles Ryland
Henry Wilson
George Beale
J.P. Morgan Cazenove +44 (0)20 7742 4000
William Simmonds
Jérémie Birnbaum
James Bouverat (Sales)
BofA Securities +44 (0) 20 7628 1000
Edward Peel
Kieran Millar
Elysium Fund Management Limited +44 (0) 14 8181 0100
Joanna Duquemin Nicolle, Chief Executive Officer
Sadie Morrison, Managing Director
Morgan Stanley Fund Services USA LLC +1 (914) 225 8885
Note:
1. The NAV is determined by the Company's investment manager, RTW Investments,
LP, in accordance with the Company's accounting policies. Investments by the
Company in privately-held companies ("Private Portfolio Companies") have been
valued at fair market value, taking into account the valuation prepared by
Alvarez & Marsal Valuation Services LLC and the nature, facts and
circumstances of the Private Portfolio Companies. Investments by the Company
in companies listed on a public stock exchange (the "Public Portfolio
Companies") have each been valued by reference to their market capitalisation
as at close of business on 30 September 2022. The Company applies a valuation
discount to its investments in Public Portfolio Companies that are subject to
post-IPO lock-up provisions.
About RTW Venture Fund Limited:
RTW Venture Fund Limited (LSE: RTW & RTWG) is an investment fund focused
on identifying transformative assets with high growth potential across the
biopharmaceutical and medical technology sectors. Driven by a long-term
approach to support innovative businesses, RTW Venture Fund invests in
companies developing next-generation therapies and technologies that can
significantly improve patients' lives.
RTW Venture Fund Limited is managed by RTW Investments, LP, a leading
healthcare-focused entrepreneurial investment firm with deep scientific
expertise and a strong track record of supporting companies developing
life-changing therapies.
Visit the RTW website at www.rtwfunds.com
(https://protect.mimecast-offshore.com/s/eY8OCgLEp4SlY4JEFN_vEF) for more
information.
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