In QuotedData’s morning briefing 4 March 2024:
- Princess Private Equity Holding (PEY) announced its NAV performance for January, increasing 0.8% to €14.27 per share, equivalent to a total NAV of EUR 986.7m. Currency movements contributed 0.9%, while value creation added 0.2%.
- HgCapital Trust (HGT) has announced an investment in Induver and Clover, two leading independent corporate insurance brokers in Belgium, who will join forces. HGT will invest approximately £6.7m in Induver Group, with other institutional clients of Hg investing alongside HGT through the Hg Mercury 4 Fund. The terms of the transaction are not disclosed. HGT believes that the two businesses will provide a complementary offering to clients, combining Induver’s premium positioning and technical capabilities with Clover’s entrepreneurial team, with experience in insurance specialties.
- Macau Property Opportunities Fund (MPO) has released its interim results for the six month period ending 31 December 2023, which includes an update on its NAV performance. MPO’s NAV was $81.7m, equal to $1.32 per share, a decline of 10.5% over the period. MPO’s portfolio value was US$183.5m as at 31 December 2023, a decrease of 2.1% over the six-month period.