Edison Investment Research - Standard Life Private Equity Trust (SLPE) Standard Life Private Equity Trust - Measured addition of domestic US fund exposure

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Edison Investment Research

Gavin Wood

Standard Life Private Equity Trust - Measured addition of domestic US fund exposure

Standard Life Private Equity Trust (SLPET) continues to follow a long-term, conviction approach to selecting primarily European private equity buyout funds, managing its exposure through the primary and secondary fund markets. Having broadened its investment policy in 2017, SLPET added exposure to a domestic US manager by acquiring a secondary position in Onex Partners IV in H118, and recently made a new primary commitment to MSouth Equity Partners IV, with the manager undertaking due diligence on a number of other US funds. SLPET has achieved above-average NAV returns among its fund of fund peers over one, three and five years, and has also outperformed UK and European stock market indices over these periods. SLPET has a competitive ongoing charge versus peers and its 3.8% yield ranks at the top of the peer group.

13/07/2018 8 EN

Underlying

Standard Life Private Equity Trust

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.

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GB0030474687 London Stock Exchange United Kingdom

Provider

Edison Investment Research

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.

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Analysts

Gavin Wood

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Standard Life Private Equity Trust - Measured addition of domestic US fund exposure

Patria Private Equity Trust – Difficult conditions make for better vintages

Edison issues report on Patria Private Equity Trust (PPET)

Patria Private Equity Trust - High liquidity and solid long-term track record

Manx Financial Group - Termination of coverage

musicMagpie - Termination of coverage

Topps Tiles - Accelerating growth through Q125

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