Pantheon International PLC's (LSE:PIN) updated numbers this week show that shareholders who invested in its stock five years ago have reaped a third of their investment back in cumulative returns, based on the change in its ordinary share price over the period.
The London-listed investment trust, which invests in underlying private companies by deploying capital to third-party private equity funds, is managed by US$93 billion private equity, debt and infrastructure investor Pantheon.
Investing under the slogan ‘making the private, public’, the managers that get most of its deployed capital are US investor Insight Partners, which counts for 7.2% of its portfolio, followed by Index Ventures, Providence Equity Partners, HgCapital, and Advent International.
As of the end of August, Pantheon International reported a net asset value (NAV) of £2.4 billion, with annualised growth of 11.9% since 1987, according to its performance summary for August.
The FTSE 250 investment company said it had outperformed the FTSE All-Share and MSCI World over multiple periods since its inception in 1987.
Its ratio of net available cash to portfolio value and undrawn loan facilities to outstanding cash is 3.9x, it said.