PROVENTUS ANNOUNCES NAV OF PROVENTUS CAPITAL PARTNERS III
Proventus today announces that, at the close of business on 31 December 2016, the Net Asset Value per participation loan debentures of Proventus Capital Partners III, is SEK 887,119 for series A and SEK 22,339,039 for series B.
No Ordinary Income will be distributed for the fourth quarter. SEK 65,000 per series A debenture and SEK 1,625,000 per series B debenture will be distributed as partial repayment of the debenture loan on 26 January 2017.
Proventus Capital Partners III’s assets are composed of 14.2 per cent publicly traded corporate bonds, and 85.8 per cent privately issued corporate loans.
During the fourth quarter, Proventus Capital Partners III made investment in two new private loans and add-on investments in three private loans. In addition the fund made add-on investments in two public high-yield bonds. Two private loan investments was repaid during the quarter and one public high-yield bond was partially repaid.
Proventus Capital Partners is an active credit investor and loan provider to Northern and Western European companies in need of capital for expansion, acquisition financing, restructurings and refinancing. Proventus Capital Partners also conducts investments in publically traded corporate credits. The funds of Proventus Capital Partners have combined assets of EUR 2.5 billion and are managed by Proventus Capital Management AB, which is owned by management. Proventus AB, founded and owned by Robert Weil, is one of the largest investors in the funds of Proventus Capital Partners. The Proventus Capital Partners III series A1 participation loan debentures and series B participation loan debentures are issued by Proventus Capital Partners III AB (publ) and listed on the Debt Securities segment of Nordic Growth Market NGM in Stockholm. The number of debentureholders amounts to approximately 50.
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