Standard Life Private Equity Trust - Maintaining its track record
Standard Life Private Equity Trust (SLPET) closed the year ending 30 September 2019 (FY19) with an above average volume of new commitments, with 11 new primary and secondary investments along with its first direct co-investment. Meanwhile, its distribution income (£138.1m) remained above its total drawdowns (£81.6m). SLPET recorded a 10.5% NAV total return in FY19, broadly in line with its performance since inception (10.2% pa), while being clearly ahead of the FTSE All-Share Index (2.7%). Subsequent sterling appreciation resulted in a NAV decline, with a c 5.4% one-year NAV TR as at end-December 2019.Standard Life Private Equity Trust carries on business as an investment trust. The principal focus of Co. is to invest in private equity funds and to manage exposure through the primary and secondary funds markets. Co. invests only in private equity funds, but occasionally may hold direct private equity investments or quoted securities as a result of distributions in specie from its portfolio of fund investments. Co. board has contractually delegated the management of the investment portfolio to the manager, SL Capital Partners LLP.
Edison is an investment research and advisory company, with offices in North America, Europe, the Middle East and AsiaPac. The heart of Edison is our world renowned equity research platform and deep multi-sector expertise. At Edison Investment Research, our research is widely read by international investors, advisors and stakeholders. Edison Advisors leverages our core research platform to provide differentiated services including investor relations and strategic consulting.
.
Unfortunately, this report is not available for the investor type or country you selected.
Browse all ResearchPool reportsReport is subscription only.
Thank you, your report is ready.
Thank you, your report is ready.