JPEL Private Equity (JPEL) announced a partial sale in JPEL’s 2nd largest portfolio company, a tax advisory services company. At 31 December 2019, the company represented 18.7% of JPEL’s private equity portfolio value.
The partial realisation results in an investment return of approximately 4.39x and an IRR of approximately 33% for JPEL. As part of the transaction, JPEL received proceeds of approximately USD 37.5mm and it will continue to hold approximately 20% of its position in the company, valued at approximately $10.4mm at 31 December 2019.
In January 2014, JPEL announced that it would initiate a reinvestment program focusing predominantly on US and Western European companies via the secondary and co-investment markets. Including one investment completed in December 2013, JPEL has invested $183.1 mm, realized $261.8mm, and continues to have an unrealized value of $156.9mm at 31 December 2019. This portfolio has produced a MOIC of 2.29x and an IRR of 26.9%
About JPEL
JPELis designed primarily to invest in the global private equity market. The company’s investment objective 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.
JPEL: JPEL Private Equity announces portfolio sale