Pantheon International PLC (LSE:PIN) has confirmed, in its monthly performance report, that its unaudited net asset value (NAV) per share was 486.0p at the end of July, down 1.1% from the prior month.
Net portfolio cash flow was positive for July, amounting to £6.2 million.
During the month, PIP made a £1.7 million investment in a manager-led secondary transaction alongside ProA Capital, focusing on IPD, a provider of medical-grade products for laboratories, dentists, and dental chains in Spain.
Additionally, PIP engaged in share buybacks, acquiring 200,000 shares at a weighted average price of 310.5p per share - representing an average discount of 36.8% to the prevailing NAV per share at the time of the transactions.
The investment company said its strategy and performance are continuously supported by its valuation policy, which relies on the most recent data available from the private equity funds in which it holds investments.
The firm’s private equity assets stood at £2.481 billion at the end of the month, with a net available cash balance of £117 million equivalent.