Patria Private Equity: Estimated NAV at 31 October
Patria Private Equity Trust plc (“PPET” or “the Company”) announces its estimated net asset value (“NAV”) at 31 October 2024
- Estimated NAV at 31 October 2024 was 769.2 pence per share (estimated NAV at 30 September 2024 was 758.9 pence per share)
- Excluding new investments, 99.3% by value of portfolio dated 30 June 2024 (estimated NAV at 30 September 2024 was 99.3% dated 30 June 2024)
- Third interim dividend of 4.2 pence per share paid on 25 October 2024 with the fourth interim dividend of 4.2 pence per share announced on 27 November 2024
- PPET paid £25.2 million of drawdowns to fund existing commitments and received £16.8 million of distributions during the month of October
- Outstanding commitments of £639.6 million at 31 October 2024
- Short term resources (cash balances, deferred consideration and undrawn credit facilities) were £325.1 million as at 31 October 2024
Below is an interview with Alan Gauld, a Senior Investment Director at the Trust, who provides an overview of PPET’s investment strategy and objectives