RCS - abrdn Pvt Equity - Update from QuotedData

abrdn Private Equity Opportunities TrustAnnouncement

15/04/2024 17:00

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RNS Number : 6840K  abrdn Private Equity Opp Trst plc  15 April 2024

 

abrdn Private Equity Opportunities - Update from QuotedData

15(th) April 2024

On the way to greener pastures

Despite navigating through challenging conditions in 2023, abrdn Private
Equity Opportunities (APEO) achieved remarkable success with recently
published annual results reporting both positive net asset value (NAV) growth
and double-digit share price returns. APEO's discount to NAV has narrowed by
more than 10 percentage points in recent months, so that it is shares are
trading on a 28.9% discount currently, narrowing from about 45% last October.
This resilience came in spite of a slowdown in activity in European private
equity markets in 2023, dampened by a residual fear of rising interest rates
and geopolitical tensions. However, as interest rates come down, the market
could bounce back quickly, thanks in part to the associated lower costs of
debt and greater valuation certainty that come with falling interest rates.

Furthermore, APEO will shortly come under the umbrella of Latin American asset
manager Patria Investments, with abrdn's private equity division due to be
acquired by Patria in the first half of 2024. Importantly, there will be no
change to APEO's process, and the deal may in fact open up new appetite for
APEO's shares.

Full Research:

https://quoteddata.com/research/abrdn-private-equity-opportunities-on-the-way-to-greener-pastures-qd/
(https://quoteddata.com/research/abrdn-private-equity-opportunities-on-the-way-to-greener-pastures-qd/)

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NB: Marten & Co was paid to produce this note on abrdn Private Equity
Opportunities Trust Plc, and it is for information purposes only. It is not
intended to encourage the reader to deal in the security or securities
mentioned in this report. Please read the important information at the back of
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authorised and regulated by the Financial Conduct Authority. Marten & Co
is not permitted to provide investment advice to individual investors
categorised as Retail Clients under the rules of the Financial Conduct
Authority.

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