Patria Private Equity Trust plc has announced a month on month NAV increase of 1.8% to 783.2p per share as at 3o November 2024. The 14 pence per share increase reflected gains arising primarily from a 2.3% constant currency uplift in the valuation of investments as at 30 September 2024, partially offset by a 1.6% depreciation in the euro versus sterling during November. The NAV movement also includes the positive effects of the Company’s share buy-back programme which is currently ongoing. The 2.3% constant currency uplift in valuations was due to a broad increase across the portfolio. PPET’s primary fund, secondary and direct investment portfolios increased 2.2%, 2.8% and 2.2% in constant currency respectively over the quarter.

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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