Patria Private Equity Trust plc has announced a small month on month NAV decrease of 0.1% to 782.2p per share as at 31 December 2024. The small decrease in NAV per share reflected losses arising from a 0.5% depreciation in the euro versus sterling, partially offset by a 1.5% appreciation in the dollar versus sterling during December. PPET received £27.8 million of distributions and £58.3 million in secondary sale proceeds, while paying £19.8 million of drawdowns to fund existing commitments and £5.9 million to fund a new direct investment during the month of December.

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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