Pantheon International PLC (LSE:PIN, FRA:PAA0), the private equity investment trust, has reported a 3.1% rise in net asset value (NAV) per share to 519.1p for the month to 28 February 2026, driven largely by favourable currency movements.
Foreign exchange gains contributed 1.9 percentage points to the monthly NAV increase, with portfolio valuation gains adding a further 1.3 percentage points.
The trust invested £8.3 million in share buybacks during February, repurchasing shares at an average price of 365.9p, a discount of 28.1% to prevailing NAV at the time of the transactions.
PIN also made two new co-investments during the month: £4.8 million alongside Arbor Partners in Furlani, a North American garlic bread specialist, and £6.9 million alongside Hg in OneStream, an enterprise financial planning software provider.
Over the nine months to 28 February 2026, PIN invested £61.5 million in buybacks and generated net portfolio cash flow of £133.7 million, with distributions of £263.9 million against calls of £130.2 million.