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Pantheon International PLC on Friday reported a monthly increase in its net asset value.
The FTSE 250 listed investment trust reported an NAV per share of 478.3 pence on August 31, up 1.8% increase from 469.6p recorded on July 31.
Pantheon International committed £52.3 million during the month. It said £20.2 million of this was co-invested alongside Altamont Capital Partner in Nutrition 101 Inc, a provider of eco-friendly liquid waste management services. A further £9.9 million was invested with Five Arrows Principal Investments in GEDH, a provider of higher education services based in France.
The remaineder was committed as secondaries. A secondary refers to the buying and selling of existing private assets.
In August, Pantheon International invested £8.3 million in share buybacks, acquiring 3.1 million shares at an average price of 271.7 pence per share.
Shares in Pantheon International were trading flat at 260.00 pence each in London on Friday morning.
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