abrdn Private Equity Opportunities Trust (LSE: APEO)

Last close As at 18/04/2024

GBP5.44

4.00 (0.74%)

Market capitalisation

GBP835m

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

Latest Insights

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Investment Companies | edison tv

ShareSoc webinar with abrdn Private Equity Opportunities Trust – 13 March 2024

Investment Companies | audiovisual

abrdn Private Equity Opportunities Trust in 60 seconds

Investment Companies | edison tv

Executive interview: Is APEO a bargain now?

Equity Analyst

Milosz Papst

Milosz Papst

Director, Financials

Key Management

  • Alan Gauld

    Fund manager

Share Price Performance

Price Performance
% 1M 3M 12M
Actual 1.9 17.0 25.2
Relative 0.2 11.3 25.4
52 week high/low 549.0p/418.0p

Overview

abrdn Private Equity Opportunities Trust (APEO) achieved a 5.4% NAV total return (TR) in FY23 (to end-September 2023) despite muted private equity (PE) deal activity and foreign exchange headwinds (its portfolio value was up 9.4% excluding fx). We believe that APEO’s expansion into direct investments since 2019 has shown promising results so far, with a rise in value by a strong 18.5% in FY23. APEO’s balance sheet remains solid with a coverage ratio of c 33% at end-January 2024, as net capital calls from its fund investments were offset by the partial exit of Action (at 100% of NAV). APEO recently launched a buyback programme, which was well received by the market (share price up c 10% since the announcement). Still, APEO trades at a 29% discount to NAV versus a 10-year average of 23%.

Research

Review

Investment Companies

Standard Life Private Equity Trust — Increasing its investment level

Review

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Standard Life Private Equity Trust — Maintaining its track record

Review

Investment Companies

Standard Life European Private Equity — Update 7 November 2016

Initiation

Investment Companies

Standard Life Euro. Pvt. Equity Trust — Update 23 February 2016

Further insights

Analyst of the week

Melanie Jenner

Mel Jenner

Director, Investment Trusts

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