Standard Life Euro Private Eq (Ordinary Share) SEP

Private Equity

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Estimated NAV (p)

260.00

Share Price (p)

216.75

Total Returns on £1000 over 

Fund / Benchmark Total returns(%)
Standard Life Euro Private Eq (Ordinary Share) Price 86.89%
Standard Life Euro Private Eq (Ordinary Share) NAV 19.74%
LPX Europe 56.38%
Total Returns on £1000

Discount / Premium Movement

Discount / Premium Movement

Shares

Share Type Yesterday's
Closing Price
Discount / Premium Diluted NAV Gearing Dividend
Est Last
Ordinary Share 217.8p -16.2% 260.00p 258.00p
30 Jun
100% 2.30%

Discrete performance % over

Fund / BenchmarkNov '11
Oct '12
Nov '12
Oct '13
Nov '13
Oct '14
Standard Life Euro Private Eq (Ordinary Share) Price33.8725.3011.41
Standard Life Euro Private Eq (Ordinary Share) NAV-0.167.9111.14
LPX Europe12.3334.553.47

Discrete performance over

Discrete Performance

Top 10 Holdings

Industri Kapital 2007 8.50%
3i Eurofund V 8.20%
Apax Europe VII 6.30%
Equistone Partners Europe Fund III 5.60%
Candover 2005 5.20%
CVC European Equity V 5.20%
Terra Firma Capital Partners III 4.50%
Equistone Partners Europe Fund IV 4.20%
BC European Capital IX 3.80%
Cinven Fourth Fund 3.60%

Sectors weighting

UK Listed 88.00%
Cash/Cash Equiv. 10.70%
Cont Europe listed 1.30%

Regional weighting

UK 88.00%
Cash/Cash Equiv. 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) 216.75
  • Share Type Ordinary Share
  • TIDM SEP
  • ISIN GB0030474687
  • Shares Issued (M) 158
  • Market Capital (£M) 343.34
  • Gross Assets (£M) 409.63
  • Net Assets (£M) 409.63
  • TER (%) 0.97
  • Historic Dividend Yield (%) 2.30
  • Next Dividend Date 08 Jan 2015
  • Next Dividend (p) 5.00
  • Last AGM 28 Jan 2014
  • Next AGM 28 Jan 2015
  • Last Annual Report Date 05 Dec 2013
  • 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:

  • David Currie Start: 29 May 2001
  • 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 GBP148,400 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.