Private Equity Holding AG Posts Strong March NAV Gain on Portfolio Revaluations and Nexthink Exit

The latest update is out from Private Equity Holding AG ( (CH:PEHN) ).

Private Equity Holding AG reported a net asset value per registered share of EUR 157.10 (CHF 145.23) as of March 31, 2026, reflecting a 2.9% increase in euro terms and 4.7% in Swiss francs since February, but a 3.1% decline over the 2025/26 financial year including distributions. The improvement in March was driven by positive portfolio performance and favorable currency movements, marking the strongest month of the year.

Several key funds, including Evolution Technology, Highland Europe III and Pollen Street IV, saw notable valuation gains thanks to strength in cybersecurity software, European technology and UK lower mid-market financial services buyouts. The portfolio was also cash-flow positive, with EUR 13.3m in distributions far exceeding EUR 4.3m in capital calls, largely due to the lucrative exit of Swiss digital employee experience specialist Nexthink via multiple funds in the portfolio.

These developments underscore Private Equity Holding AG’s ability to generate liquidity and value from its fund positions even in a year of slightly negative full-year NAV performance. The company plans to detail its results and portfolio dynamics further in its 2025/26 annual report to be published on May 12, 2026, information that will be closely watched by investors assessing the resilience of private equity valuations and exits.

More about Private Equity Holding AG

Private Equity Holding AG is a SIX-listed investment company specializing in private equity investments, giving institutional and private investors tax-efficient access to a broadly diversified and professionally managed portfolio. The company seeks long-term value growth through commitments to selected private equity funds and targeted direct investments, with income partly reinvested and partly distributed annually to shareholders.

The portfolio is managed by Zurich-based Amundi Alpha Associates, an independent manager and advisor focused on private equity, private debt and infrastructure, which oversees the selection and monitoring of underlying funds and direct holdings. This structure positions Private Equity Holding AG as a gateway vehicle to global private markets for Swiss and international investors.

Average Trading Volume: 982

Current Market Cap: CHF144.3M

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