EX-99.1 2 ck0002032020-ex99_1.htm EX-99.1 EX-99.1

Exhibit 99.1

EQT Private Equity Company LLC

Net Asset Value

EQT Private Equity Company LLC (the “Company”) calculates net asset value per share in accordance with valuation policies and procedures that have been approved by the Company’s board of directors. The Company’s transactional net asset value (“Transactional Net Asset Value”) is used to determine the price at which the Company sells and repurchases its shares. The Company’s GAAP net asset value (“GAAP Net Asset Value”) is the Company’s net asset value determined in accordance with accounting principles generally accepted in the United States of America (“GAAP”). The following table provides a breakdown of the major components of the Company’s Transactional Net Asset Value as of June 30, 2026 ($ in thousands, except shares):

Components of Transactional Net Asset Value

 

June 30, 2026

 

Assets at fair value (cost of $832,209)

 

$

938,275

 

Cash and cash equivalents

 

 

101,010

 

Other assets

 

 

11,390

 

Other liabilities

 

 

(6,474

)

Accrued performance allocation

 

 

(5,550

)

Management fee payable

 

 

(1,378

)

Accrued shareholder servicing fees

 

 

(1,040

)

Transactional Net Asset Value

 

$

1,036,233

 

Number of outstanding shares

 

 

34,674,674

 

(1) Shareholder servicing fees apply only to Class D Shares, Class S Shares, Class J1 Shares, Class J2 Shares, Class A-D Shares, Class A-S Shares, Class A-J1 Shares and Class A-J2 Shares. For purposes of Transactional Net Asset Value, the Company recognizes shareholder servicing fees as a reduction to Transactional Net Asset Value on a monthly basis as such fees are accrued. For purposes of GAAP Net Asset Value, the Company accrues the cost of the shareholder servicing fees for the estimated life of the shares as an offering cost at the time the Company sells shares in the applicable share classes.

The following table provides a breakdown of the Company’s total Transactional Net Asset Value and the Company’s Transactional Net Asset Value per share by class as of June 30, 2026 ($ in thousands, except shares and per share data):


 

 

Class I

 

 

Class A-I

 

 

Class A-D

 

 

Class A-J1

 

 

Class A-J2

 

 

Class A-S

 

 

Class H

 

 

Class E

 

 

Class Q

 

 

Class T

 

 

 

Total

 

Transactional Net Asset Value

 

$

12

 

 

$

230,004

 

 

$

22,478

 

 

$

198,743

 

 

$

33,162

 

 

$

373,771

 

 

$

1

 

 

$

177,844

 

 

$

1

 

 

$

216

 

 

 

$

1,036,233

 

Number of outstanding Shares

 

 

400

 

 

 

7,585,425

 

 

 

743,185

 

 

 

6,587,308

 

 

 

1,099,153

 

 

 

12,908,623

 

 

40

 

 

 

5,743,614

 

 

40

 

 

 

6,887

 

 

 

 

34,674,674

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Transactional Net Asset Value
    Per Share as of
    June 30, 2026

 

$

29.98

 

 

$

30.32

 

 

$

30.25

 

 

$

30.17

 

 

$

30.17

 

 

$

28.96

 

 

$

31.35

 

 

$

30.96

 

 

$

31.35

 

 

$

31.35

 

 

 

 

 

 

Reconciliation of Transactional Net Asset Value to GAAP Net Asset Value

The following table reconciles the Company’s GAAP Net Asset Value to Transactional Net Asset Value ($ in thousands):

 

 

June 30, 2026

 

GAAP Net Asset Value

 

$

1,018,465

 

Adjustments:

 

 

 

Accrued shareholder servicing fees

 

 

17,769

 

Transactional Net Asset Value

 

$

1,036,233

 

 

 

Valuation Methodologies and Significant Inputs

The following table presents additional information about valuation methodologies and significant inputs used for portfolio company holdings that are valued at fair value as of June 30, 2026:

Valuation Methodology

 

Unobservable Input(s)(1)

 

Weighted Average(2)

 

 

Range

Inputs to market comparables and transaction
   price/other

 

Weight Ascribed to Market Comparables

 

 

79

%

 

0% - 100%

 

Weight Ascribed to Transaction Price/Other

 

 

21

%

 

0% - 100%

Market Comparables

 

Enterprise Value / EBITDA Multiple

 

 

16.3

x

 

10.8x - 19.4x

 

Enterprise Value / Revenue

 

 

7.9

x

 

6.0x - 9.2x

 

Enterprise Value / EBITDAC Multiple

 

 

25.1

x

 

12.2x - 31.8x

 

Price / Book

 

 

2.5

x

 

2.5x - 2.5x

 

Enterprise Value / Cash EBITDAC Multiple

 

 

25.4

x

 

25.4x - 25.4x

 

(1) In determining the inputs, management evaluates a variety of factors including economic conditions, industry and market developments, market valuations of comparable companies, and company-specific developments including exit strategies and realization opportunities. EQT Partners Inc., the Company’s manager, has determined that market participants would take these inputs into account when valuing the investments.

(2) Inputs are weighted based on fair value of the investments included in the range.