Strong quarter for the public assets
NAVPS on 31 March was SEK 86.95, +0.4% q-o-q but +16% in one year. The total shareholder return was +24% (SIXRX +9%), as the discount to NAV decreased by 12pp to 19%. The direct investments saw a strong, broad-based performance, with gains led by Jacktel (+74%), Krispy Kreme Doughnuts (+51%) and Awilco Drilling (+19%). Private equity fund investments currently comprise 67% of NAV (83% including commitments), with direct investments at 6% and net cash at 27%.