LONDON, Feb. 27, 2015 /PRNewswire/ -- Tetragon Financial Group Limited (TFG) is a Guernsey closed-ended investment company traded on Euronext Amsterdam N.V. under the ticker symbol "TFG".
In this monthly update, unless otherwise stated, we report on the consolidated business incorporating TFG and Tetragon Financial Group Master Fund Limited.(1)
Net Asset Value Estimates as of 31 January 2015
(Amounts provided are unaudited and subject to change)
(in millions except per share data)
Estimated Fair Value of Investments: $1,348.5
Cash and Cash Equivalents: $458.6
Net Other Assets / (Liabilities): $35.6
Estimated Net Asset Value: $1,842.7
TFG Legal Shares Issued and Outstanding: 136.0
U.S. GAAP Net Asset Value per Share: $19.21
Pro Forma Fully Diluted Net Asset Value per Share: $17.28
Investment Composition:
As of the end of January 2015, the company held investments in the equity tranches of U.S. and European CLOs, U.S. senior secured loans, asset management businesses, hedge funds, real estate funds, equities and CLO mezzanine tranches, with the remainder of the net assets held in cash plus or minus certain net other assets or liabilities. Derivative mark-to-market gains and losses are contained within net other assets or liabilities.
The geographical allocation of TFG's investments was determined to be 58.9% U.S., 13.5% Europe and 1.6% Asia at month-end. Investments in certain hedge funds and other investment vehicles which have underlying investments that span more than one geographic region are considered to be "global" and represent 26.0%. Interests in asset management businesses have been excluded from this calculation.