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Rothschild & Co | Annual Report 2017
39
1. Overview
4. Financial statements
3.
Management report
2. Business review
Group’s investment portfolio valuation (as at 31 December)
in millions of euro
2017
2016
Assets under
management
Managed funds
386
299
7,100
Private Equity
278
190
2,600
Direct (inc. FAPI)
235
154
1,800
Secondaries (inc. FASO/Arolla)
43
36
800
Private debt
108
109
4,500
Senior (inc. Oberon/CLOs)
72
82
3,500
Junior (inc. FACS/FADL)
36
27
1,000
Rothschild Proprietary Investments (RPI) and others
140
171
400
TOTAL GROSS ASSETS
526
470
7,500
Asset value
31 Dec 2016
Value
creation
Disposals
Additions
Asset value
31 Dec 2017
470
354
116
116
93
23
96
97
(1)
(133)
(23)
(156)
526
411
115
Private debt
Private equity
Change in Group’s investment Net Asset Value
(in millions of euros)