Net Asset Value and Report for 19 February 2016

RNS Number : 7598R

J.P. Morgan Private Equity Ltd

10 March 2016

 

J.P. Morgan Private Equity Limited

PO Box 60

Carinthia House

9-12 The Grange

St Peter Port

Guernsey GY1 4BF

www.jpelonline.com, www.jpelonline.co.uk

Regulatory News Service

London Stock Exchange

London

EC2N 1HP

10 March 2016

Notice to Shareholders - Net Asset Value and Report for 19 February 2016

J.P. Morgan Private Equity Limited ("JPEL" or the "Company") has released the Company's Net Asset Value and Report for the period ending 19 February 2016.  The Company is releasing this announcement to the market ahead of the expected closing of the Fortress Transaction, which was described in further detail in announcements released on 27 October 2015 and 8 December 2015.  The Fortress Transaction is expected to close on 11 March 2016 assuming satisfaction of certain conditions by J.P. Morgan Asset Management and affiliates of Fortress Investment Group LLC.    

Please find detailed below the estimated net asset value per share for J.P. Morgan Private Equity Limited as at 19 February 2016:

Ordinary Share Class - $1.23

Zero Dividend Preference Share Class due 2017 - 93.30p

Shareholders may access an electronic copy of the Report for 19 February 2016 at www.jpelonline.com or www.jpelonline.co.uk  by clicking the "Investor Information" link on the home page and then clicking the "Reports" link.   An electronic copy of the Monthly Report is also attached to this notice.

http://www.rns-pdf.londonstockexchange.com/rns/7598R_-2016-3-10.pdf

This is an estimated valuation of the net assets of the Company as at 19 February 2016. This valuation is for information purposes only and has not been verified by the Company or the Manager. This valuation includes the most recent information available from the Company's underlying private equity fund managers for their respective private equity portfolios or which is otherwise available to the Company or the Manager. It is based on unaudited estimated valuations supplied by the administrators, managers, or investment advisers of the Company's underlying investments. Whilst the Manager believes this information to be useful investor information, it is subject to material change and consequently no reliance should be placed as to its accuracy.

Neither the Company nor the Manager accept any liability whatsoever in regard to this information. The only official valuation of the Company's portfolio is the valuation produced as at the last business day of each month and reported via RNS when released.

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About J.P. Morgan Private Equity Limited

J.P. Morgan Private Equity Limited is a Guernsey registered and incorporated, London Stock Exchange-listed, closed-ended investment company (LSE: JPEL) designed primarily to invest in the global private equity market.  The investment objective of the Company is to achieve both short and long-term capital appreciation by investing in a well diversified portfolio of private equity fund interests and by capitalising on the inefficiencies of the secondary private equity market.  

ENQUIRIES:

Bear Stearns Asset Management

JP Morgan Asset Management (UK) Limited

JF International Management Inc.

Troy Duncan / Greg Getschow  

[e-mail] / [e-mail]  

Rosemary DeRise / Samantha Ladd

[phone] / [phone]  

[e-mail] / [e-mail]

 

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