In May, Partners Group Listed Investments SICAV – Listed Private Equity developed much more stable than the
broader equity market. In particular, funds of funds demonstrated their defensive characteristics. The British Intermediate Capital Group convinced investors with the publication of its annual results. The debt capital
specialist reported an increase in assets under management of 29% and a dividend increase of 67% compared with the previous year. On the other hand, the investment company Riverstone Energy, published disappointing quarterly figures. The main reason for this was the revaluation of major portfolio companies due to the persistently difficult conditions for the upstream sector based on declining oil prices. In the current market environment, the Swedish direct investment companies AB Kinnevik and Investor AB lost value. Both companies suffered from the relatively high weighting of listed, more cyclical companies in their portfolios
