Edison Investment Research - Princess Private Equity Holdings (PEYA) Princess Private Equity Holding - Seeking to deploy excess liquidity

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Edison Investment Research

Pedro Fonseca

Princess Private Equity Holding - Seeking to deploy excess liquidity

Princess Private Equity Holding’s (PEY) NAV total return (TR) reached 19.4% in FY21 in euro terms, supported by exits (most notably from GlobalLogic) and unrealised revaluation gains across most of its top 10 portfolio holdings. Amid strong realisation activity (which outpaced its new private equity investments in FY21), PEY temporarily invested part of its dry powder in senior loans in H221 to mitigate cash drag. Having said that, PEY’s manager is confident in its investment pipeline, which currently includes c 50 live investment opportunities with a volume of over US$30bn in the near term (c six months). The company offers an attractive dividend yield of 5.3% (in line with its policy of distributing 5% of opening NAV).

07/03/2022 1 EN

Underlying

Princess Private Equity Holdings

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GG00B28C2R28 Frankfurt Stock Exchange Guernsey

Provider

Edison Investment Research

Edison is an investment research and advisory company, with offices in North America, Europe, the Middle East and AsiaPac. The heart of Edison is our world renowned equity research platform and deep multi-sector expertise. At Edison Investment Research, our research is widely read by international investors, advisors and stakeholders. Edison Advisors leverages our core research platform to provide differentiated services including investor relations and strategic consulting.

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Analysts

Pedro Fonseca

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Princess Private Equity Holding - Seeking to deploy excess liquidity

Edison issues review on Princess Private Equity Holding (PEY): Introducing a well-defined buyback policy

Princess Private Equity Holding - Introducing a well-defined buyback policy

Edison issues update on Princess Private Equity Holding (PEY): Offering an attractive dividend yield

Dentsu Group - FY24 prospects weighted to H2

Record - AUME momentum and a sharper focus

Actinogen Medical - Funding in place through key catalysts

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