Castle Private Equity quarterly val

Castle Private Equity, the Swiss investment company with a market capitalisation of $315m, started 2005 with a $14.6m or 3.7% increase in net asset value. The portfolio benefited from profitable exits by Castle's partnerships and from good borrowing conditions for the refinancing of underlying buyout positions. Much of the quarterly result was generated by buyout and special situation partnerships ($8.4m and $5.1m respectively). The largest gain was contributed by Apollo V and Permira II. Venture partnerships contributed, meanwhile, a gain of $4.4m with the main driver being Chancellor Private Capital Offshore Partners II. Castle entered into three new commitments during the quarter and acquired three positions on a secondary basis. E16.7m was committed to Cipio Partners III. $15m was committed to CDR VII and a further E10m investment was made into PAI Europe IV.

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