Standard Life Investments

Standard Life Private Equity Trust PLC ("SLPET")

The Standard Life Private Equity Trust provides investors with access to a diversified portfolio of leading private companies through a listed investment trust. This is delivered through the investment objective, which is to achieve long-term total returns through holding a diversified portfolio of private equity funds, a majority of which will have a European focus.

Follow the link below to explore the Trust's strategy and investments.

General company information

Price (Last updated:17:30)334.00p
Daily change-3.62 (-1.07%)
52 Week high341.00p
52 Week low241.00p

Total trust size: 153,746,294 ordinary shares

Investment management charge: 0.95% pa

Directors: All of the Directors are independent of Standard Life and are non-executive, with management of the company delegated to the Investment Manager.

Investment objective: The investment objective is to achieve long-term total returns through holding a diversified portfolio of private equity funds, a majority of which will have a European focus.

Investment policy: The principal focus of the Company is to invest in leading private equity funds and to manage exposure through the primary and secondary funds markets. The Company’s policy is to maintain a broadly diversified portfolio by country, industry sector, maturity and number of underlying investments. In terms of geographic exposure, a majority of the Company’s portfolio will have a European focus. The objective is for the portfolio to comprise around 35 to 40 ‘‘active’’ private equity fund investments; this excludes funds that have recently been raised, but have not yet started investing, and funds that are close to or being wound up.

The Company invests only in private equity funds, but occasionally may hold direct private equity investments or quoted securities as a result of distributions in specie from its portfolio of fund investments. The Company’s policy is normally to dispose of such assets where they are held on an unrestricted basis.

To maximise the proportion of invested assets it is the Company’s policy to follow an over-commitment strategy by making fund commitments which exceed its uninvested capital. In making such commitments, the Manager, together with the Board, will take into account the uninvested capital, the quantum and timing of expected and projected cashflows to and from the portfolio of fund investments and, from time to time, may use borrowings to meet draw downs.

The Company’s non-sterling currency exposure is principally to the euro and US dollar. The Company does not seek to hedge this exposure into sterling, although any borrowings in euros and other currencies in which the Company is invested would have such a hedging effect.

Cash held pending investment in private equity funds is invested in short dated government bonds, money market instruments, bank deposits or other similar investments. Cash held pending investment in private equity funds may also be invested in funds whose principal investment focus is listed equities or in listed direct private equity investment companies or trusts. These investments may be in sterling or such other currencies to which the Company has exposure.

The Company will not invest more than 15% of its total assets in other listed investment companies or trusts.

Investment outlook: The management team are confident that the medium term outlook for the European Economy and the prospects for growth in the private equity market will provide attractive opportunities for making and realising new and existing investments.

Investment manager: SL Capital Partners LLP. For more information on the management team, click here.

Trust performance & returns

Trust performance

(on a bid to bid basis)

Trust performance & returns

(on a bid to bid basis)
Fund performance
Sector performance
 Last 1 month*Last 6 months*Last 1 year*Last 3 years*Last 5 years*
Fund performance
Sector performance

Past performance is not a guarantee of future returns.

* Values to -

Current details

All prices displayed in p (GBP). Figures below updated at 17:30.
EPIC code:SLPE
Market sector:IT Private Equity
Mid price:334.0000
Bid price:334.0000
Offer:335.0000
Opening price:340.7500
Daily high:340.7500
Daily low:334.0000
Previous day's close:337.6250
Daily change:-3.6250 (-1.07%)

LSE Announcements

Investor relations

  • SEDOL: 3047468
  • Reuters: SLPE.L
  • Legal Entity Identification (LEI): 2138004MK7VPTZ99EV13

Equiniti Limited
34 South Gyle Crescent
South Gyle Business Park
Edinburgh
EH12 9EB

Shareholder helpline: 0871 384 2618

Broker helpline: 0906 559 6025

Maven Capital Partners UK LLP
Kintyre House
205 West George Street
Glasgow
G2 2LW

Telephone: 0141 306 7400

Annual report and accounts published: Early December

Dividend paid: Late January

Notice of Meeting and Proxy Voting results:

Data provided by, and copyright ©2017, FE.

Standard life Investment