Standard Life Private Eqty Trst PLC Edison review on Standard Life Private Eqty Trust

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Standard Life Private Eqty Trst PLC

25 February 2021

London, UK, 25 February 2021

Edison issues review on Standard Life Private Equity Trust (SLPE)

Standard Life Private Equity Trust (SLPET) reported an 11.7% NAV TR in FY20 (ending 30 September 2020), driven by its resilient portfolio weighted towards technology, healthcare and consumer staples (c 51% of NAV at end-FY20). Over the period, the company received a healthy GBP140m from realisations at an average exit multiple of 3.5x (supported by the partial exit from Action). SLPET is well-placed to pursue new deals in 2021, which it expects to be skewed more towards secondaries and co-investments than in the past.

SLPET's total FY20 dividend of 13.2p (up c 3% y-o-y) translates into an attractive 3.3% yield, while the current 16.4% discount to NAV is slightly narrower than the five-year average (c 20%), but also broadly in line with the peer group average (17.2%).

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February 25, 2021 02:00 ET (07:00 GMT)