Standard Life Pvt. Equity Trust (SLPE)

Business description

SLPE’s objective is to achieve long-term capital gains through holding a diversified portfolio of private equity funds investing predominantly in Europe with a focus on funds that invest in mid-market buyouts and expansion capital.

Stock data

Market cap.£524.3m
Last close341.00p
High / Low (52 weeks)341.0p / 239.2p
Stock market listingLN
Forecast net debt (m)N/A
Forecast gearing ratio (%)N/A
TeamInvestment Companies
SectorInvestment Companies

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Investment summary

Standard Life Private Equity Trust (SLPE) aims to achieve long-term total returns via investing in a focused, primarily European portfolio of leading private equity buyout funds. The investment policy was revised in January 2017, removing size and geographic restrictions, to enlarge the investment opportunity set without diluting the trust’s strategy and focus. New fee arrangements have been agreed, with a single annual management fee of 0.95% of NAV and no incentive fee. The board has also stated its intention to raise the FY17 dividend to 12.0p, equating to a 3.8% yield, and grow it at least in line with inflation. Returns have been notably strong over one year.

Last updated on 02/05/2017

Key management

Graeme Gunn, Fund manager

Company address

1 George Street
London
WC1V7EE
United Kingdom
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