ING Private Equity Access (PEAL) claims there are still investment opportunities in the private equity market, despite concerns over liquidity.
A series of asset sales in its underlying investment portfolios, and the addition of 21 new investments, has maintained a strong flow of dividends to its shareholders.
Managing director of PEAL, Jon Schahinger, said: “We are very pleased with these results, especially given the instability of financial markets.”
PEAL has added 21 new investments to its underlying portfolios since last year, worth $20 million in commitments, lifting its total commitments to $126 million. It has also executed eight exits, resulting in a 41 per cent uplift on their carrying values.
“What is pleasing is the results weren’t skewed to a particular industry but covered a range of sectors including software, retail fashion, engineering, food staples, and the like,” Schahinger said.