Baltic Horizon Fund’s NAV Performance Update
The Baltic Horizon Fund has reported an encouraging increase in its net asset value (NAV), which reached EUR 0.7099 as of the end of September 2024. This marks a significant change from the previous month's value of EUR 0.8011 recorded at the end of August 2024.
Growth of Total Net Assets
As of September 30, the total NAV of the Baltic Horizon Fund surged to EUR 101.9 million, compared to EUR 95.8 million at the end of August. This growth continues to illustrate the Fund's resilience and capability in navigating the challenges present in the market.
Performance Metrics in September
The European Public Real Estate Association (EPRA) Net Reinstatement Value (NRV) as of September 30, 2024, was reported at EUR 0.7510 per unit. This reflects the fund’s ongoing commitment to maintaining substantial asset values amidst fluctuating market conditions.
Successful Fundraising Initiatives
In this latest month, the Baltic Horizon Fund marked a significant milestone by completing a private placement. The issuance involved 23,927,085 new units, amounting to a gross value of around EUR 6.29 million. This successful fundraising demonstrates investor confidence and the Fund’s attractive value proposition.
Stable Income Generation
Throughout September, the Fund reported a consolidated net rental income of EUR 1.0 million, consistent with the level from the previous month. This steady income stream underscores the robustness of the Fund's investment strategy and its focus on generating reliable returns.
Enhanced Liquidity Position
At the end of September, cash and cash equivalents within the Fund reached EUR 10.0 million, a notable increase from EUR 3.9 million as recorded at the end of August. This improvement in liquidity assets positions the Fund well for future investments and operational needs.
Assets Under Management
The overall consolidated assets of the Baltic Horizon Fund witnessed growth, totaling EUR 256.8 million by the end of September, compared to EUR 249.8 million at the end of the previous month. This upward trend in assets reflects effective asset management and strategic acquisitions.
About Baltic Horizon Fund and Management Team
The Baltic Horizon Fund operates as a registered contractual public closed-end real estate fund, expertly managed by Northern Horizon Capital AS, which holds an Alternative Investment Fund Manager license. The Management Company is under the supervision of the Estonian Financial Supervision Authority, ensuring compliance and support for its operational frameworks.
For more inquiries and detailed information regarding the Baltic Horizon Fund, you may contact:
Tarmo Karotam
Baltic Horizon Fund Manager
E-mail tarmo.karotam@nh-cap.com
Engage With Us
To stay updated with the Baltic Horizon Fund, including announcements and news regarding its projects and strategic initiatives, please register on www.baltichorizon.com. We also invite you to follow us on our social media platforms including LinkedIn, Facebook, X, and YouTube to engage with our community.
Frequently Asked Questions
What is the current net asset value (NAV) of the Baltic Horizon Fund?
The net asset value per unit of the Baltic Horizon Fund is EUR 0.7099 as of the end of September 2024.
How much total net asset value does the Fund hold now?
As of the end of September, the Fund's total net asset value amounts to EUR 101.9 million.
What fundraising activity occurred in September 2024?
The Baltic Horizon Fund successfully completed a private placement, issuing 23,927,085 new units with a gross value of EUR 6.29 million.
Did the consolidated cash position improve?
Yes, the Fund’s consolidated cash and cash equivalents rose to EUR 10.0 million by the end of September from EUR 3.9 million at the end of August.
Who manages the Baltic Horizon Fund?
The Fund is managed by Northern Horizon Capital AS, under the supervision of the Estonian Financial Supervision Authority.
