Standard Life Euro Private Eq (Ordinary Share) SEP

Private Equity

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Estimated NAV (p)


Share Price (p)


Total Returns on £1000 over 

Fund / Benchmark Total returns(%)
Standard Life Euro Private Eq (Ordinary Share) Price 55.45%
Standard Life Euro Private Eq (Ordinary Share) NAV 18.53%
LPX Europe 82.29%
Total Returns on £1000

Discount / Premium Movement

Discount / Premium Movement


Share Type Yesterday's
Closing Price
Discount / Premium Diluted NAV Gearing Dividend
Est Last
Ordinary Share 218.0p -14.5% 255.00p 251.00p
28 Feb
100% 2.29%

Discrete performance % over

Fund / BenchmarkApr '12
Mar '13
Apr '13
Mar '14
Apr '14
Mar '15
Standard Life Euro Private Eq (Ordinary Share) Price27.3010.3110.70
Standard Life Euro Private Eq (Ordinary Share) NAV0.9711.495.30
LPX Europe23.7220.6022.18

Discrete performance over

Discrete Performance

Top 10 Holdings

3i Eurofund V 8.28%
Industri Kapital 2007 7.89%
Equistone Partners Europe Fund III 5.67%
Equistone Partners Europe Fund IV 5.44%
Apax Europe VII 5.42%
Cvc European Equity Partners V 5.13%
Candover 2005 5.10%
Terra Firma Capital Partners III 4.10%
BC European Capital IX 3.63%

Sectors weighting

General Industrials 22.00%
Consumer Services 20.00%
Consumer Goods 13.00%
Finance - General 12.00%
Healthcare 11.00%
Technology 7.00%
Miscellaneous 6.00%
Materials 3.00%
Oil & Gas 2.00%
Telecommunications 2.00%
Utilities 2.00%

Regional weighting

UK 88.00%
Cash/Cash Equivalent 11.00%
Europe Developed ex-UK 1.00%
  • Investment trust info:

  • Sector Private Equity
  • Launch Date 29 May 2001
  • Base Currency GBX
  • Domicile UK
  • Share Price (p) 216.00
  • Share Type Ordinary Share
  • ISIN GB0030474687
  • Shares Issued (M) 157
  • Market Capital (£M) 342.91
  • Gross Assets (£M) 400.99
  • Net Assets (£M) 400.99
  • TER (%) 0.97
  • Historic Dividend Yield (%) 2.29
  • Last AGM 28 Jan 2015
  • Next AGM 28 Jan 2016
  • Last Annual Report Date 15 Dec 2014
  • Next due Report Date  
  • Next due Report Type I/R
  • Objective:

  • To achieve long-term capital gains through holding a diversified portfolio of private equity funds investing predominantly in Europe.
  • Management Group(s):

  • SL Capital Partners LLP
  • Managed by:

  • Peter McKellar Start: 29 May 2001
  • Management Contract & Fees:

    The investment management fee payable to SL Capital Partners LLP is 0.8% p.a., calculated quarterly in arrears, of the net assets of the Company. The investment management agreement is terminable by either party on one year's notice. The secretarial and administration fee is payable to Aberdeen Asset Management at the rate of GBP 148,400 plus VAT p.a., adjusted in line with the retail price index on 1 July each year. The notice period is three months. The new investment management incentive arrangements operate for a five year period beginning on 01-Oct-11 and expiring on 30-Sep-16 (the Performance Period). If, at the end of the Performance Period, the Company's net asset value total return per Ordinary Share (before any accrual for the incentive fee) has grown by more than 8% compounded per annum over the Performance Period (the Preferred Return) then an incentive fee will be payable in cash to SL Capital. If this compounded rate of total return (before any accrual for the incentive fee) is equal to or less than 8% per annum, then the incentive fee will not be payable. The incentive fee will be an amount equal to 10% of the growth in the fully diluted NAV total return per Ordinary Share (before any accrual for the incentive fee) in excess of the Preferred Return over the Performance Period multiplied by 165,093,578, being the number of Ords and convertible Founder Shares still eligible to be converted into Ordinary Shares in issue on 01-Oct-11 (the Share Base). The Share Base will be adjusted for buy backs or cancellations of shares which, in aggregate, exceed a threshold of 10% of the original Share Base and for all new issues (other than Ordinary Shares issued pursuant to a scrip dividend). There is no cap on the amount of the incentive fee payable.