Chatin schreef op 3 mei 2012 14:13:
Private Equity investment performance in the first quarter was strong, with valuations in the underlying
fund investments increasing 4.7%. The valuation of fund investments has appreciated in 10 out of the
past 12 quarters. Of particular note, certain of our publicly-traded portfolio companies had significant
valuation gains in the first quarter, including a 44% increase for RailAmerica (NYSE: RA), one of the
largest operators of short-line railroads in the United States, and a 66% increase for GAGFAH (Xetra:
GFJ), the largest owner and operator of residential real estate in Germany. Additionally, an increase in
the valuation of Holiday Retirement resulted in the FHIF fund, with $2.2 billion of NAV, exceeding its
incentive income threshold during the quarter. Valuation increases in the quarter were driven in part by
strong operating performance in some of our key investment sectors – Financial Services, Senior Living
and Transportation & Infrastructure – which have generated double-digit increases in their primary
operating metrics.Dit stemt mij toch wel optimistisch.