Standard Life Private Equity – A good year; more to come?

Marten & Co is publishing a new update note on a company in the private equity sector.

With its recent results announcement, Standard Life Private Equity (SLPE) has posted decent returns (an NAV total return of 14.9% and share price total return of 31.9%). SLPE has benefitted from strong trading in its underlying companies, a healthy market for exits, improving sentiment towards the private equity sector and a narrowing discount as more investors have selected it as a core holding for their private equity exposure. The manager expects that, in the absence of major shocks, the portfolio should continue to benefit from high levels of exit activity over the next twelve months. This could support further NAV growth.

Private equity fund of funds with a European bias

Standard Life Private Equity Trust aims to achieve long-term total returns through a diversified portfolio of private equity funds, the majority of which will have a European focus. Its portfolio is also more concentrated than those of most of its peers; the top 10 underlying private equity fund managers comprise 65% of the net asset value and the top 30 underlying companies represent 31.4%.

Like many private equity funds, SLPE has no formal benchmark. Historically, the portfolio has been most closely correlated to European small cap indices. The MSCI Europe Small Cap Index has been used as a means of comparison in this note.

You can access information about the trust at the trust’s website. Click here.

SLPE : Standard Life Private Equity – A good year; more to come?