Pantheon International hails 'strong execution' as £224 million asset sale reshapes trust Proactive uses images sourced from ShutterstockPantheon International PLC (LSE:PIN, FRA:PAA0) has hailed the "strong execution of our strategic agenda" after a year in which it sold assets, cut the number of managers it works with, renegotiated its fees and handed back capital to shareholders. A targeted portfolio sale announced in May was struck at a blended discount of 8.1% to the reference net asset value. It generated net proceeds of £224 million, equivalent to 10.7% of the trust's net asset value at the end of March. A new management fee arrangement took effect from 1 June, charging a flat 1% of net asset value with nothing payable on undrawn commitments. Net asset value per share rose 4.3% over the twelve months to 31 May, with underlying valuation gains and investment income contributing 3.8% and currency movements adding 0.7%.