Update research from QuotedData

RNS Number : 4825A

Standard Life Private Eqty Trst PLC

29 May 2019

 

Standard Life Private Equity Trust - Update research from QuotedData

29^th May 2019

Now with co-investments

Standard Life Private Equity Trust (SLPE), has made its first co-investment - a stake in Mademoiselle Desserts, made alongside IK Investment Partners - with more set to follow (up to 20% of NAV over time). Shareholders approved a change to SLPE's investment policy in January to permit it to make co-investments. These are direct investments into private companies made alongside a private equity manager. This is an area in which the manager has a successful track record. The manager feels that this broadening of its opportunity set, combined with a stronger US management team, provides a foundation on which the manager can continue to build on SLPE's record of outperformance. SLPE's manager (a top 10 private markets manager globally) aims to ensure that 70% of the portfolio continues to be invested with managers whose funds' performance is ranked in the top half of all funds. It believes that this approach will allow it to generate strong returns over the longer term.

Full research:

https://quoteddata.com/research/standard-life-private-equity-trust-coinvestments-2/

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NB: Marten & Co was paid to produce this note on Standard Life Private Equity Trust Plc and it is for information purposes only. It is not intended to encourage the reader to deal in the security or securities mentioned in this report. Please read the important information at the back of this note. QuotedData is a trading name of Marten & Co Limited which is authorised and regulated by the FCA. Marten & Co is not permitted to provide investment advice to individual investors categorised as Retail Clients under the rules of the Financial Conduct Authority.

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