Private Equity Holding (PEH) and 5E Holding, the listed Swiss private equity funds, have continued to suffer from the technology downturn, posting write-downs and net losses for the nine months to December 31, 2001.

PEH posted a net loss of Sfr88.9m (€60.5m) for the nine-month period, compared with a year-on-year net profit of Sfr59.3m. The loss was attributed to write-downs of Sfr85m for the period, more than double the Sfr38.3m written down for the same period in 2000.