JZ Capital Partners Closed Fund logo

JZCLF - JZ Capital Partners Closed Fund News Story

$1.56 0.0  0.0%

Last Trade - 14/04/21

Market Cap £n/a
Enterprise Value £n/a
Revenue £n/a
Position in Universe th / 6853

JZ Capital Ptnrs Ltd: Net Asset Value(s)

Thu 28th January, 2021 11:13am
(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) December 2020 was as follows:

 Company Name                 Date                  NAV per Ordinary Share  
 JZ Capital Partners Limited  31 (st)December 2020  US$ 3.81                

JZCP’s NAV at 31 December 2020 is $3.81 per share ($4.36 at 30 November
2020), the decrease in NAV per share of (55) cents per share is due to net
investment losses of (52) cents (see below), expenses and finance costs of (2)
cents and net foreign exchange losses of (1) cent.

In December 2020, the Company sold its interests in certain US micro-cap
portfolio companies (the "Secondary Sale). The Secondary Sale was structured
as a sale and contribution to a newly formed fund, JZHL Secondary Fund LP. The
Company received consideration of: (i) Cash Consideration, being $90 million
(less fees and expenses); and (ii) a special limited partner interest in the
newly formed fund which is currently valued at  $41.0 million. As previously
reported, adding this figure to the cash consideration received has resulted
in a write down to the Company’s net asset value of (52 cents).

Below is a summary of the Company's assets and liabilities at 31st December

 Assets                                                     US$'000 
 Private Investments                                        419,334 
 Cash and cash equivalents                                   69,774 
 Other receivables                                              232 
 Total Assets                                               489,340 
 ZDP shares - Maturity date - 1st October 2022               72,028 
 CULS - Maturity date - 30th July 2021                       51,262 
 Senior debt facility - Maturity date - 12th June 2021       68,730 
 Other payables                                               2,057 
 Total Liabilities                                          194,077 
 Net Assets                                                 295,263 
 Number of Ord shares in issue at period end             77,474,175 
 Net Asset Value per Ordinary share                           $3.81 

Company website:         www.jzcp.com 

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

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