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PGPE Ltd Achieves 4.4% NAV Growth in December Driven by Vishal Mega Mart IPO Success

Story Highlights
  • PGPE Ltd’s NAV rose by 4.4% in December, achieving an 11.4% return for 2024.
  • Vishal Mega Mart’s IPO was a key driver, contributing substantial distributions to PGPE Ltd.
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PGPE Ltd Achieves 4.4% NAV Growth in December Driven by Vishal Mega Mart IPO Success

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Princess Private Equity Holding ( (GB:PEY) ) just unveiled an announcement.

PGPE Ltd reported a 4.4% increase in its net asset value (NAV) for December, contributing to an 11.4% total NAV return for 2024, aligning with its decade-long performance. Vishal Mega Mart, a major portfolio entity, significantly influenced this growth through its IPO, which led to substantial distributions for PGPE Ltd. Additionally, the company’s financial stability is underscored by available cash and a fully available revolving credit facility, highlighting its robust position in the private equity sector.

More about Princess Private Equity Holding

Partners Group Private Equity Limited (PGPE Ltd), formerly known as Princess Private Equity Holding Limited, is an investment holding company founded in 1999 and based in Guernsey. It focuses on private equity direct investments and aims to deliver long-term capital growth and attractive dividend yields to its shareholders. PGPE Ltd is managed by Partners Group, a global investment management firm with significant holdings in private markets, and is listed on the London Stock Exchange.

YTD Price Performance: -6.07%

Average Trading Volume: 48,081

Technical Sentiment Consensus Rating: Sell

For a thorough assessment of PEY stock, go to TipRanks’ Stock Analysis page.

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