Standard Life Private Equity Trust

LN: SLPE

£535.8m market cap

348.5p last close

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.

Investment summary

Standard Life Private Equity Trust (SLPET) continues to follow a long-term, conviction approach to selecting primarily European private equity buyout funds, managing its exposure through the primary and secondary fund markets. Having broadened its investment policy in 2017, SLPET added exposure to a domestic US manager by acquiring a secondary position in Onex Partners IV in H118, and recently made a new primary commitment to MSouth Equity Partners IV, with the manager undertaking due diligence on a number of other US funds. SLPET has achieved above-average NAV returns among its fund of fund peers over one, three and five years, and has also outperformed UK and European stock market indices over these periods. SLPET has a competitive ongoing charge versus peers and its 3.8% yield ranks at the top of the peer group.

Share price graph
Price performance
%
1m
3m
12m
Actual 3.3 3.4 3.6
Relative* (0.2) (0.6) 4.5
52-week high/low 353.0p/315.0p
*% relative to local index
Key management
Roger Pim Fund manager

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