News
- Home
- Investment Company News
- Standard Life European Private Equity : SEP – interims
Standard Life European Private Equity, chaired by Ed Warner OBE (pictured), has published figures for the six months ended 31 March 2014. Over that period the company’s net asset value rose by 3.6% to 252.2p which, taking into account income earned in the period, translates into a net asset value total return of 5.5%. The share price rose by 3.1% to leave the fund trading on a 19.1% discount.
The net asset value gains were driven largely by gains on disposals. Adverse exchange rate movements tempered this a bit. In total £33m of cash flowed out of the portfolio during the period, boosting Standard Life European Private Equity’s liquidity – cash, liquid assets and undrawn credit lines exceeded £125m at 31 March.
Please review our cookie, privacy & data protection and terms and conditions policies and, if you accept, please select your place of residence and whether you are a private or professional investor.
Due to data protection policies, USA residents can not access our data.
Your content has been curated