abrdn Private Equity Opportunities Trust (LSE: APEO)

Currency in GBP

Last close As at 30/11/2023

GBP4.38

−7.50 (−1.68%)

Market capitalisation

GBP685m

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

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abrdn Private Equity Opportunities Trust — So far so good

Equity Analyst

Milosz Papst

Milosz Papst

Director, Financials

Key Management

  • Alan Gauld

    Fund manager

Share Price Performance

Price Performance
% 1M 3M 12M
Actual 2.9 6.0 7.9
Relative 0.0 6.5 9.6
52 week high/low 494.0p/403.0p

Overview

abrdn Private Equity Opportunities Trust (APEO) posted a 12-month NAV TR of 5.1% to end-September 2023 amid persistently muted exit activity across PE markets and FX headwinds from stronger sterling. APEO’s drawdowns continue to outpace distributions, but the 12-month net capital calls were more than offset by the proceeds APEO received from the partial sale of its co-investment in non-food discount retailer Action. As a result, APEO’s balance sheet headroom, as measured by its commitment coverage ratio, remained broadly stable versus end-2022. Its discount to NAV of 44% is wider than its 10-year average of 23% and the c 10% average discount for buyout portfolios traded in the secondary markets in H123.

Further insights

Analyst of the week

Melanie Jenner

Mel Jenner

Director, Investment Trusts

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