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Standard Life Private Equity Trust


£492m market cap

320p 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) closed the year ending 30 September 2019 (FY19) with an above average volume of new commitments, with 11 new primary and secondary investments along with its first direct co-investment. Meanwhile, its distribution income (£138.1m) remained above its total drawdowns (£81.6m). SLPET recorded a 10.5% NAV total return in FY19, broadly in line with its performance since inception (10.2% pa), while being clearly ahead of the FTSE All-Share Index (2.7%). Subsequent sterling appreciation resulted in a NAV decline, with a c 5.4% one-year NAV TR as at end-December 2019.

Share price graph
Price performance
Actual (0.6) 17.0 (11.4)
Relative* (2.2) 11.5 2.4
52-week high/low 401.0p/192.5p
*% relative to local index
Key management
Alan Gauld Fund manager

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