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Standard Life Private Equity Trust


£544.3m market cap

354p last close

SLPET’s objective is to achieve long-term total returns through investing in a diversified portfolio of leading private equity buyout funds and direct co-investments, a majority of which have a European focus, with exposure principally managed through the primary and secondary funds markets. No size or geographic restrictions apply to fund selection. There is currently no available benchmark that the board deems an appropriate measure of SLPET’s investment performance.

Investment summary

Standard Life Private Equity Trust (SLPET) recently reported a rebound in its NAV upon receiving the underlying valuations from its general partners (GPs) as at end-June, which brought its 12-month NAV total return to end-September 2020 to a positive 4.0%. Following the upsizing of its credit facility to £200m and the £61.9m in distributions received (vs £78.6m of capital calls in the period), SLPET’s commitments coverage ratio was a solid 49% at end September 2020. This is not adjusted for the £15.3m expected deferred consideration and £67.1m of commitments it considers unlikely to be called.

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Share price graph
Price performance
Actual 11.7 12.0 2.9
Relative* (0.7) 5.7 18.1
52-week high/low 401.0p/192.5p
*% relative to local index
Key management
Alan Gauld Fund manager

Content on Standard Life Private Equity Trust

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