61
PRIVATE EQUITY FUNDS
Panthéon Ventures Access Capital Partners
Antin Infrastructures
Total
Liabilities at inception EUR 550,000,000 300,000,000 50,000,000 900,000,000
Liabilities on closing date EUR 257,474,250 210,000,000 50,000,000 517,474,250
Balance for previous financial year EUR 58,065,750 70,350,000 13,563,812 141,979,562
Payments over the period (calls for funds) EUR 19,200,000 2,100,000 808,350 22,108,350
Provisional repayment EUR -53,000,000 -40,320,000 -21,138,068 -114,458,068
Balance on closing date EUR 24,265,750 32,130,000 582,050 56,977,800
Valuation on closing date EUR 149,864,797 103,336,342 42,165,320 295,366,459
NBEL5 Axa IM Private Equity
Europe
Total NBEL Axa IM Private Equity
Europe
Total
Liabilities at inception USD 679,993,200 198,000,000 877,993,200 EUR6 561,954,608 163,629,596 725,584,204
Liabilities on closing date USD 280,711,144 198,000,000 478,711,144 EUR6 231,983,086 163,629,596 395,612,682
Balance for previous financial year
USD
EUR7
8,215
8,215
Payments over the period (calls for funds)
USD
2,110,449
2,110,449
EUR7
1,916,293
1,916,293
Distribution of assets USD -64,709,422 -13,035,665 -77,745,087 EUR7 -58,292,014 -11,892,801 -70,184,815
Balance on closing date USD EUR7
Valuation on closing dateé USD 112,993,559 44,982,464 157,976,023 EUR8 107,128,286 42,647,513 149,775,799 Total initial liabilities (EUR) 1,625,584,204 Total net payments over the period (EUR) -160,618,240
TOTAL VALUED ON CLOSING DATE (EUR) ) 445,142,258
5 Neuberger Berman Europe Limited ex Lehman Brother Int. Europe. 6 On the basis of a $/ exchange rate of 0.948092 on the closing date. 7 On the basis of a $/ exchange rate on the transaction date. 8 Dividends are attributed to the value of the fund under balance sheet assets until the amounts invested are repaid.
Capital gains are recognised when the dividends paid exceed the total amount invested (see article 2.2.2 of CNC notice no. 2008-10 of 05/06/2008).