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JZCLF - JZ Capital Partners Closed Fund News Story

$1.56 0.0  0.0%

Last Trade - 14/04/21

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Position in Universe th / 6853

JZ Capital Ptnrs Ltd: Net Asset Value(s)

JZ CAPITAL PARTNERS LIMITED (the "Company" or “JZCP”)
(a closed-ended investment company incorporated with limited liability under
the laws of Guernsey with registered number 48761)
LEI 549300TZCK08Q16HHU44

Monthly Net Asset Value (“NAV”)

The unaudited Net Asset Value per Ordinary Share of the Company as at the
close of business on 31(st) October 2020 was as follows:

 Company Name                 Date                 NAV per Ordinary Share  
 JZ Capital Partners Limited  31 (st)October 2020  US$ 4.51                

JZCP’s NAV at 31 October 2020 is $4.51 per share ($4.60 at 31 August 2020),
the decrease in NAV per share of (9) cents per share is due to net investment
losses of (5) cents and expenses and finance costs of (9) cents offset by
accrued income of 3 cents, net fx gains of 1 cent and the change in the fair
value of the Company's CULS of 1 cent

The Company has completed the sale of its interests in certain US micro-cap
portfolio companies (the "Secondary Sale”). The Secondary Sale is structured
as a sale and contribution to a newly formed fund, JZHL Secondary Fund LP. On
Closing on 4(th) December 2020 the Company received: (i) Cash Consideration,
being $90 million (less any fees and expenses); and (ii) a special limited
partner interest in the newly formed fund which will initially be valued at
approximately $40 million. Adding this figure to the cash consideration of $90
million (less any fees and expenses) would indicate a write down to the
Company’s October NAV of approximately $38 million (49 cents). This write
down is not reflected in the 31 October 2020 NAV.



Enquiries:                    
Company website:         www.jzcp.com
 
Northern Trust International Fund Administration Services (Guernsey) Limited
Email:  jzcp@ntrs.com


 



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