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The 23 July announcement noted that, in June, the NAV fell 0.6%, driven primarily by valuation losses. End-June net available cash balances were £121m, and the undrawn loan facility was £311m, giving total available finance of £432m. Total outstanding commitments (including those outside their investment period, which are less likely to be drawn) were £533m. Realisations in the month were £12m. In terms of outlook, the company commented, “Although the company made no new commitments during the month, PIP's pipeline points to an active period for new commitments in the second half of 2020.”
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