Standard Life Private Eqty Trst PLC Edison reviews Standard Life Private Equity Trust
14 July 2018 - 12:22AM
RNS Non-Regulatory
TIDMSLPE
Standard Life Private Eqty Trst PLC
13 July 2018
London, UK, 13 July 2018
Edison issues review on Standard Life Private Equity Trust
(SLPE)
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.
SLPET's share price discount to NAV has fluctuated over the last
year, widening from 7.5% in November 2017 to 15.7% currently, as
the share price has declined while the NAV has remained broadly
stable. The board intends to pay four quarterly dividends of 3.1p
for FY18, equating to a prospective 3.8% yield.
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END
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