Pantheon Sept NAV down 0.4%

Private equity investment firm Pantheon International (PIP) said net asset value per share fell 0.4% in September month on month.

Valuation gains and higher investment income were offset by foreign exchange movements and expenses and taxes.

At 30 September 2018, PIP's private equity assets stood at £1.3bn while net available cash balances were £132m.

Its portfolio generated net cash of £5.2m during the month, with distributions of £16.5m relative to £11.3m of calls from existing commitments to private equity funds.

PIP said it completed three new primary investments during the month amounting to £13.7m in new commitments. This included a £10.4m primary commitment to HIG Advantage Fund I, a US mid-market buyout fund.