Aberdeen Private Equity Fund (APEF)

Business description

Aberdeen Private Equity Fund Ltd (APEF) is a private equity (PE) fund of funds, diversified by geography, investment type and stage, but with a high weighting to technology and venture capital that has helped it to achieve strong NAV and share price performance over the past year. A cash buffer of c 15% is held to meet commitments without having to liquidate portfolio holdings. The investment process focuses on detailed due diligence to ensure robustness of underlying manager selection. The discount to NAV has been stable at c 20-25% over the past year, but there is scope for it to narrow to a level more in line with peers.

Stock data

Market cap.£145m
Last close132.88p
High / Low (52 weeks)133.0p / 87.5p
Stock market listingLN
Forecast net debt (m)N/A
Forecast gearing ratio (%)N/A
TeamInvestment Companies
SectorInvestment Companies

Other companies in sector Show

Aberdeen New Dawn Investment Trust Aberdeen New Thai Investment Trust
Aberdeen UK Tracker Trust AcenciA Debt Strategies
Acorn Income Fund Alliance Trust
Altamir SCA Amphion Innovations
APQ Global Aurelius
Bailador Tech Investments Bankers Investment Trust (The)
BB Biotech Biotech Growth Trust (The)
BlackRock Greater Europe Investment Trust BlackRock Hedge Selector
BlackRock Latin American Inv. Trust British Portfolio Trust
Brunner Investment Trust (The) Canadian General Investments
Carador Income Fund Charles Stanley
Circle Property City Natural Resources
Conversus Capital CQS Rig Finance Fund
CVC Credit Partners Detour Gold
Deutsche Beteiligungs Dexion Commodities
Diverse Income Trust (The) DouglasBay Capital
Dunedin Enterprise Investment Trust DW Catalyst Fund
Edinburgh Worldwide Investment Trust (The) European Assets Trust
European Investment Trust Plc (The) F&C Managed Portfolio Growth
F&C Managed Portfolio Income F&C US Smaller Companies
Fidelity China Special Situations Fidelity European Values
Finsbury Growth & Income Trust Foreign & Colonial Investment Trust
Gartmore Growth Opportunities Gartmore Irish Growth Fund
Geiger Counter Limited GLI Alternative Finance
Global Resources Investment Trust Golden Prospect Precious Metals
Hansa Trust HarbourVest Global Private Equity
HarbourVest Senior Loans Europe HBM Healthcare Investments
Heliad Equity Partners Henderson Alternative Strategies Trust
Henderson Far East Income Henderson Global Trust
Henderson Global Trust Henderson International Income Trust
HSBC Infrastructure Company Infrastructure India
International Biotechnology Trust Invesco Asia Trust
Invesco Income Growth Trust Is Private Equity
JP Morgan Private Equity Limited JPMorgan Brazil Investment Trust
JPMorgan European Smaller Companies Trust JPMorgan Global Convertibles Income Fund
JPMorgan Global Growth & Income JPMorgan Indian Investment Trust
Jupiter Green Investment Trust Jupiter UK Growth Investment Trust
Jupiter US Smaller Companies JZ Capital Partners Limited
Lazard World Trust Fund Leaf Clean Energy Company
LMS Capital Lowland Investment Company
LPEQ Martin Currie Asia Unconstrained Trust
Martin Currie Global Portfolio Trust Middlefield Canadian Income
Miton Global Opportunities Miton Income Opportunities Trust
New City Energy Ocean Wilsons Holdings
Pacific Assets Trust Phaunos Timber Fund
Polar Capital Global Healthcare Trust PXP Vietnam Fund
Qatar Investment Fund Rathbone Brothers
RENN Universal Growth Investment Trust Schroder AsiaPacific Fund
Schroder Global Real Estate Securities ScotGems
Scottish Oriental Smaller Companies Securities Trust of Scotland
Seneca Global Income & Growth Trust Sigma Capital Group
Standard Life Equity Income Trust Standard Life Investments Property Income Trust
Standard Life Pvt. Equity Trust Standard Life UK Smaller Companies Trust
Strategic Equity Capital Taiwan Fund (The)
Templeton Emerging Markets Investment Trust Tetragon Financial Group
The Law Debenture Corporation The Merchants Trust
The North American Income Trust The Scottish Investment Trust
Tiso Blackstar Group TR European Growth trust
UK Commercial Property Trust Utilico Emerging Markets
Vietnam Holding Asset Management Vietnam Infrastructure Fund
VinaCapital Vietnam Opportunity Fund VinaLand
Vision Opportunity China Fund WAM Active
WAM Capital WAM Research
Witan Investment Trust Witan Pacific Investment Trust
Worldwide Healthcare Trust YFM Equity Partners

Company news

Aberdeen Private Equity Fund Ltd (APEF) Announces Dividend of GBX 2

Mon, 26 Jun 2017 23:03:45 GMT

A Chartists Perspective on Aberdeen Private Equity Fund Ltd (APEF.L)

Wed, 28 Jun 2017 03:44:16 GMT

Aberdeen Private Equity Fund Ltd (APEF.L) Stock Gaining Upward Momentum

Tue, 27 Jun 2017 00:56:15 GMT

Investors Are Watching Aberdeen Private Equity Fund Ltd (APEF.L) Shares

Tue, 27 Jun 2017 16:07:30 GMT

Private equity: a state of constant renewal

Tue, 14 Mar 2017 10:02:43 GMT

Investment summary

Aberdeen Private Equity Fund (APEF) provides access to a globally diversified portfolio of private equity funds and co-investments with a bias towards the US and technology. Recent changes to the manager’s corporate structure have not specifically affected the fund but have brought direct investment and Asian expertise in-house. Share price performance ytd has been flat, while NAV gains have widened the discount. As the cycle matures there may be scope for it to narrow again, realisations may be the catalyst.

Last updated on 16/11/2015

Company address

Bow Bells House
1 Bread Street
United Kingdom
+44 (0)20 7463 6000
View website