abrdn Private Equity Opportunities Trust (LSE: APEO)

Last close As at 22/04/2024

GBP5.53

7.00 (1.28%)

Market capitalisation

GBP838m

abrdn Private Equity Opportunities Trust’s investment objective is to achieve long-term total returns through holding a diversified portfolio of private equity funds and direct investments into private companies alongside private equity managers (co-investments), a majority of which will have a European focus.

Latest Insights

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ShareSoc webinar with abrdn Private Equity Opportunities Trust – 13 March 2024

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abrdn Private Equity Opportunities Trust in 60 seconds

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Executive interview: Is APEO a bargain now?

Equity Analyst

Milosz Papst

Milosz Papst

Director, Financials

Key Management

  • Alan Gauld

    Fund manager

Share Price Performance

Price Performance
% 1M 3M 12M
Actual 2.6 16.4 25.7
Relative 1.7 9.4 23.8
52 week high/low 553.0p/418.0p

Overview

abrdn Private Equity Opportunities Trust (APEO) achieved a 5.4% NAV total return (TR) in FY23 (to end-September 2023) despite muted private equity (PE) deal activity and foreign exchange headwinds (its portfolio value was up 9.4% excluding fx). We believe that APEO’s expansion into direct investments since 2019 has shown promising results so far, with a rise in value by a strong 18.5% in FY23. APEO’s balance sheet remains solid with a coverage ratio of c 33% at end-January 2024, as net capital calls from its fund investments were offset by the partial exit of Action (at 100% of NAV). APEO recently launched a buyback programme, which was well received by the market (share price up c 10% since the announcement). Still, APEO trades at a 29% discount to NAV versus a 10-year average of 23%.

Further insights

Analyst of the week

Melanie Jenner

Mel Jenner

Director, Investment Trusts

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