JZCP Jz Capital Partners Limited

 
TIDMJZCP TIDMJZCC TIDMJZCN 
 
JZ CAPITAL PARTNERS LIMITED (the "Company" or "JZCP") 
 (a closed-ended investment company incorporated with limited liability under 
              the laws of Guernsey with registered number 48761) 
                           LEI 549300TZCK08Q16HHU44 
 
                        Monthly Net Asset Value ("NAV") 
 
The unaudited Net Asset Value per Ordinary Share of the Company as at the close 
of business on 31st December 2020 was as follows: 
 
Company Name                Date                    NAV per Ordinary Share 
 
JZ Capital Partners Limited 31st December 2020      US$ 3.81 
 
JZCP's NAV at 31 December 2020 is $3.81 per share ($4.36 at 30 November 2020), 
the decrease in NAV per share of (55) cents per share is due to net investment 
losses of (52) cents (see below), expenses and finance costs of (2) cents and 
net foreign exchange losses of (1) cent. 
 
In December 2020, the Company sold its interests in certain US micro-cap 
portfolio companies (the "Secondary Sale). The Secondary Sale was structured as 
a sale and contribution to a newly formed fund, JZHL Secondary Fund LP. The 
Company received consideration of: (i) Cash Consideration, being $90 million 
(less fees and expenses); and (ii) a special limited partner interest in the 
newly formed fund which is currently valued at  $41.0 million. As previously 
reported, adding this figure to the cash consideration received has resulted in 
a write down to the Company's net asset value of (52 cents). 
 
Below is a summary of the Company's assets and liabilities at 31st December 
2020: 
 
Assets                                                              US$'000 
 
Private Investments                                                 419,334 
 
Cash and cash equivalents                                            69,774 
 
Other receivables                                                       232 
 
Total Assets                                                        489,340 
 
Liabilities 
 
ZDP shares - Maturity date - 1st October 2022                        72,028 
 
CULS - Maturity date - 30th July 2021                                51,262 
 
Senior debt facility - Maturity date - 12th June 2021                68,730 
 
Other payables                                                        2,057 
 
Total Liabilities                                                   194,077 
 
Net Assets                                                          295,263 
 
Number of Ord shares in issue at period end                      77,474,175 
 
Net Asset Value per Ordinary share                                    $3.81 
 
 
Enquiries: 
Company website:         www.jzcp.com 
 
Northern Trust International Fund Administration Services (Guernsey) Limited 
Email:       jzcp@ntrs.com 
 
 
 
END 
 
 

(END) Dow Jones Newswires

January 28, 2021 06:14 ET (11:14 GMT)

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