Pantheon International PLC on Friday reported that its net asset value per share for the month had fallen, with a drop in foreign exchange movements and costs associated with expenses and taxes.

NAV per share on June 30 was 454.9 pence, down from 462.4p on May 31. The company said this was driven by a movement of negative 9.2p in foreign exchange movements compared to a positive 3.2 pence in May, and a negative 0.5p in expenses and taxes, the same as the prior month.

Shares in Pantheon International were down 0.3% at 264.66 pence in London on Friday morning.

Pantheon International’s private equity assets stood at £2.38 billion, down from £2.42 billion in May. Whilst net cash balances were £60 million, similarly down from £67.7 million in the prior month.

Undrawn commitments to investments were £826 million on June 30, down from £857 million on May 31.

As of June 30, the company maintained a five-year credit facility agreement worth £500 million, that was set to expire in July 2027. The facility remained undrawn at the end of the month.

‘Although the company made no new commitments during the month, Pantheon International’s pipeline points to an active period for new investments in the coming months,’ the company said.

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