Pantheon International PLC (LSE:PIN) reported a positive value performance for the month of May.
The London-listed investment company today disclosed an unaudited net asset value (NAV) per share of 462.4p, at the end of May, marking a rise of an increase of 2.1% on the prior month.
It noted valuation gains, foreign exchange movements, and investment income which collectively contributed to the increase in NAV per share.
The company said that its private equity assets amounted to £2.4 billion, whilst net available cash balances totalled £63 million.
Pantheon noted that it currently maintains a five-year £500m multi-tranche, multi-currency revolving credit facility agreement set to expire in July 2027, and, at the end of May, it remained undrawn.
Looking forward, PIP anticipates an active period for new investments, despite making no new commitments during the month in review.
In the preceding twelve months, meanwhile, it 25 new investments for a total of £440.8 million in commitments.
Additionally, it noted a continuing commitment to the Pantheon Secondary Opportunity Fund II (PSOF II), amounting to a £93.5m commitment. The fund concentrates on single asset secondaries, is anticipated to be deployed over the next three years.