We are delighted to announce on Wednesday 4 May at 2.00pm Helen Steers, Partner and Manager of PIN, is joining Hardman & Co for an open forum discussion about the role of private equity, and PIN, in financing entrepreneurship, innovation and growth. Sign up now for your place.
We will be discussing why private equity increasingly has become the preferred financier for growth companies, which are choosing to stay private for longer or may never go public at all. PE-backed companies are investing in tech-enabled businesses and companies benefiting from digitalisation disruption across multiple sectors, with many niche sub-sectors underrepresented or zero-represented on public markets. We will consider how private equity works in practice, its impact on society and the investment opportunities these trends are creating.
Questions from the audience will be welcome throughout the discussion. You can send us your questions when you register or during the presentation.
The investment objective of Pantheon International plc (PIN) is to maximise capital growth. With almost half of the portfolio now consisting of direct investments into private companies, and the remaining half invested in top-tier, hard-to-access funds, PIN offers investors a focused, but global, opportunity to capture the best PE opportunities wherever they arise in the world, while still having a diversified portfolio. The recent strong results show the benefits, with the NAV per share growing 22% in the six months to 30 November 2021. Portfolio valuation gains of 19.7% were achieved, with gains seen across all regions and investment strategies. The weighted average uplift from fully realised exits was 43%, and the average cost multiple was 3.3x. Over the past ten years the NAV has grown by 13.9% p.a., roughly double the FTSE All-Share, Total Return.
Read our latest report on Pantheon International here.