PGPE Ltd publishes September NAV
Summary by AI BETAClose X
(LSE: PEY)
Partners Group Private Equity Limited
NAV per share increased by 0.1% in September
Negative revaluations (-0.9%) slightly offset by currency movements (+1.0%) during the month
Notable contributor (+0.2% based on Fund NAV):
- International Schools Partnership ("ISP"): The valuation of ISP, a leading global K‑12 private education platform offering English and multilingual education, increased during the month, driven mainly by growth in valuation EBITDA, combined with a slight reduction in net debt and a higher valuation multiple applied in line with public market comparables. Recent financial performance demonstrates continued enrolment growth, disciplined fee increases, and prudent cost control. Meanwhile, ISP's acquisition pipeline remains strong and the company is progressing well on its growth plan, serving more than 118'000 students across 120 schools in 26 countries around the world.
Notable detractor (-0.4% based on Fund NAV):
- Vishal Mega Mart ("Vishal"): The valuation of Vishal declined in September 2026 based on its share price performance for the month. The company reported robust financial results for the fiscal first quarter ending 30 June 2026, with revenue and net profit growth of 19% and approximately 26% year on year, respectively. Performance was driven by a combination of 10% same-store sales growth, store expansion, operating efficiency, and cost optimization. The company's own brands continued to account for approximately 75% of revenue, supporting margin performance. Vishal added 24 net new stores during the quarter, taking its network to 819 stores across 559 cities, while its retail footprint stood at around 13.8 million sqft as of 30 June 2026.
Cash flow activity: PGPE Ltd invested EUR 2.3 million in a direct co-investment in a UK-headquartered provider of loan agency and bond trustee services. The investment had been signed prior to the shareholder vote on the managed wind-down. There were no notable distributions nor exits.
This resulted in a liquidity position (cash and cash equivalents) of EUR 29.3 million, representing approximately 3.8% of Fund NAV.
About Partners Group Private Equity Limited
PGPE Ltd is a closed-ended investment company founded in 1999 and domiciled in Guernsey. PGPE Ltd is traded on the Main Market of the London Stock Exchange (ticker: PEY). PGPE Ltd is managed in its investment activities by Partners Group, which is itself listed on the Swiss Stock Exchange (ticker: PGHN).
Contacts
Partners Group Private Equity Limited:
pgpe-ltd@partnersgroup.com
www.partnersgroupprivateequitylimited.com
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Investor relations contact: Andreea Mateescu Phone: +41 41 784 66 73 E-mail:andreea.mateescu@partnersgroup.com
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Media relations contact: media@partnersgroup.com |
Registered Number: 35241 LEI: 54930038LU8RDPFFVJ57
Notes:
- Note that references in this announcement to Partners Group Private Equity Limited have been abbreviated to "PGPE Ltd" or "the Company". References to Partners Group AG have been abbreviated to "Partners Group" or "the Investment Manager".
- This document does not constitute an offer to sell or a solicitation of an offer to buy or subscribe for any securities and neither is it intended to be an investment advertisement or sales instrument of Partners Group Private Equity Limited. The distribution of this document may be restricted by law in certain jurisdictions. Persons into whose possession this document comes must inform themselves about and observe any such restrictions on the distribution of this document. In particular, this document and the information contained therein are not for distribution or publication, neither directly nor indirectly, in or into the United States of America, Canada, Australia or Japan.
- This document may have been prepared using financial information contained in the books and records of the product described herein as of the reporting date. This information is believed to be accurate but has not been audited by any third party. This document may describe past performance, which may not be indicative of future results. No liability is accepted for any actions taken on the basis of the information provided in this document. Neither the contents of PGPE Ltd's website nor the contents of any website accessible from hyperlinks on PGPE Ltd's website (or any other website) are incorporated into, or form part of, this announcement.
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