Apax Global Alpha said Wednesday strong performance in its private equity portfolio supported net assets growth in the third quarter.

For the three months to 30 September, net asset value (NAV) total return grew 1.8% but adjusted NAV decreased by â¬6.6m to â¬937.3m following the payment of a semi-annual dividend.

The uptick in performance was mainly driven by a higher positive contribution from Private Equity, which makes up 65% of the invested portfolio.

Private Equity contributed 3.5% to NAV, and derived investments decreased NAV by 1.6%.

At 9:59am: (LON:APAX) Apax Global Alpha Ltd share price was +5p at 132p