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Currency in GBP
Last close As at 09/06/2023
GBP4.40
▲ 5.00 (1.15%)
Market capitalisation
GBP676m
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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Director, Financials
Alan Gauld
Fund manager
| % | 1M | 3M | 12M |
|---|---|---|---|
| Actual | 1.0 | (2.4) | (4.6) |
| Relative | 3.3 | 1.7 | (3.6) |
| 52 week high/low | 504.0p/368.0p |
abrdn Private Equity Opportunities Trust (APEO) reported a robust 14.1% NAV total return (TR) in FY22 (ended September), as underlying portfolio valuations were up by 10.5% excluding the FX impact (with co-investments particularly strong) and a higher US$/£ rate. Earnings momentum remained high with LTM revenue and EBITDA across APEO’s top 50 holdings at 22.7% and 23.8% in FY22, respectively. This, together with solid exit activity (£210.2m distributions) at an average 20% uplift to carrying values two quarters prior, helped offset lower public valuation multiples.
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