LONDON, April 19 Private equity company SVG
Capital, which puts much of its capital into buyout firm
Permira, said the tough economic climate meant the timing of any
future payouts to its investors was difficult to predict.
"We have a portfolio of high quality and maturing assets.
However, given the continued uncertainty of the macro-economic
outlook, the specific timing of future distributions is
difficult to predict with any certainty," SVG said on Thursday.
SVG, whose chairman Nicholas Ferguson is to leave the
company to replace James Murdoch as BSkyB chairman,
reported that its net assets per share had risen by 16.6 percent
to 393.20 pence.
It added that despite the uncertain market environment, the
overall performance of companies in its portfolio remained good.
The private equity industry has had a difficult time as
tough trading conditions and high debt burdens cripple many
Listed investors, such as SVG, suffered not only from
indirect exposure to private equity-owned companies, but also
from the fact that they themselves borrowed money to boost
performance in their funds.