PGGO publishes first quarter 2009 report
08 May 2009 - 8:01PM
UK Regulatory
TIDMPGGO
RNS Number : 9337R
Partners Group Global Opportunities
08 May 2009
Guernsey, 8 May 2009
PGGO publishes first quarter 2009 report
Partners Group Global Opportunities Limited ("PGGO") published its quarterly
report as of 31 March 2009 today. Developments during the quarter include:
* Amid difficult macroeconomic conditions, the net asset value (NAV) of PGGO
declined in line with expectations by 12.5% to EUR 6.78 per share
* The major part of valuation declines was driven by public comparables and had an
adverse impact on the NAV of 13.8% during the reporting period
* Selective portfolio divestments to decrease risk and reposition the portfolio
were pursued
* The appreciation of the US dollar against the Euro had a positive effect on the
NAV of 1.3%
* Overall, underlying operating performances are still relatively resilient in the
current market environment
Dr. Stephan Schäli, Head Private Capital at Partners Group, the Investment
Advisor of PGGO, comments: "As we expected, the NAV of PGGO declined during the
first quarter of 2009, mainly due to re-assessments of the direct investments in
the portfolio. Even though further valuation adjustments within the PGGO
portfolio cannot be ruled out in this recessionary environment, the Investment
Advisor expects PGGO to see rather moderate adjustments compared to the general
private equity industry. PGGO's portfolio is well diversified by geographic
region, industry sector and vintage year and the investments are managed by
top-quartile lead investors, which are well equipped to adapt to the challenging
economic environment and continue creating value within these businesses."
A detailed analysis and commentary on the first quarter 2009 developments at
PGGO are presented in the quarterly report published today, which can be
accessed via http://www.pggo.net/en/investor_relations/financial_reports.php?ml
About Partners Group Global Opportunities Limited
Partners Group Global Opportunities Limited is a closed-ended investment company
with limited liability domiciled in Guernsey and traded on the London Stock
Exchange (Main Market) (Ticker symbol: PGGO). Partners Group Global
Opportunities Limited is designed to provide public market investors access to
direct private equity and private debt investments alongside leading private
equity firms and advised by Partners Group AG, a global alternative asset
management firm listed on the SIX Swiss Exchange (ticker symbol: PGHN) with over
CHF 24 billion assets under management in private equity, private debt, private
real estate, private infrastructure, absolute return strategies and listed
alternatives.
Contacts
Partners Group Global Opportunities Limited
info@pg-globalopportunities.net
www.pg-globalopportunities.net
Registered Number: 45101
Media enquiries
Partners Group AG
Tamara Krebs
Communications
Phone: +41 41 768 85 26
tamara.krebs@partnersgroup.com
www.partnersgroup.com
Corporate broker
JPMorgan Cazenove
20 Moorgate
London EC2R 6DA
United Kingdom
This document does not constitute an offer to sell or a solicitation of an offer
to buy or subscribe for any securities and neither is it intended to be an
investment advertisement or sales instrument of Partners Group Global
Opportunities Limited. The distribution of this document may be restricted by
law in certain jurisdictions. Persons into whose possession this document comes
must inform themselves about, and observe any such restrictions on the
distribution of this document. In particular, this document and the information
contained therein is not for distribution or publication, neither directly nor
indirectly, in or into the United States of America, Canada, Australia or Japan.
This document may have been prepared using financial information contained in
the books and records of the product described herein as of the reporting date.
This information is believed to be accurate but has not been audited by any
third party. This document may describe past performance, which may not be
indicative of future results. No liability is accepted for any actions taken on
the basis of the information provided in this document.
Issued and approved by Partners Group (UK) Ltd., authorised and regulated by the
Financial Services Authority in the United Kingdom.
This information is provided by RNS
The company news service from the London Stock Exchange
END
STRUUUUUAUPBGUR
Partners Grp (LSE:PGGO)
Historical Stock Chart
From May 2024 to Jun 2024
Partners Grp (LSE:PGGO)
Historical Stock Chart
From Jun 2023 to Jun 2024
Real-Time news about Partners Grp (London Stock Exchange): 0 recent articles
More Partners Grp News Articles