SVG Capital, the London-listed asset management group that is the largest investor in Permira, has written down the net asset value of its portfolio by 12.3 percent. The firm attributed the mark-down to falling public market comparables across the portfolio, emphasising that earnings at the underlying portfolio companies were on the whole holding up well.
ProSiebenSat.1 weighs on SVG
The listed private equity investor revealed its first write-down in seven years this morning. However, the group’s shares rose in early trading as investors reacted positively to the firm’s interim results statement.
