abrdn Pvt Equity - Statement regarding Investment Manager

Patria Private Equity Trust

16/10/2023 11:09

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RNS Number : 2519Q  abrdn Private Equity Opp Trst plc  16 October 2023

NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, IN WHOLE OR IN PART, DIRECTLY OR
INDIRECTLY, IN, INTO OR FROM ANY JURISDICTION WHERE TO DO SO WOULD CONSTITUTE
A VIOLATION OF THE RELEVANT LAWS OR REGULATIONS OF THAT JURISDICTION.

THIS ANNOUNCEMENT CONTAINS INSIDE INFORMATION.

16 October 2023

For Immediate Release

abrdn Private Equity Opportunities Trust plc

Statement regarding Investment Manager

The Board of abrdn Private Equity Opportunities Trust plc ("APEO" or the
"Company") notes the announcement made today by abrdn plc ("abrdn") in respect
of the conditional sale (the "Transaction") of its European-headquartered
Private Equity business ("abrdn Private Equity"), including abrdn Capital
Partners LLP ("abrdn Capital Partners"), to Patria Investments Ltd ("Patria"),
a global alternative asset manager established in Latin America.  Further
information on Patria is set out below.

abrdn Capital Partners is the Company's investment manager and Alternative
Investment Fund Manager (AIFM).  The Board has been discussing the proposed
Transaction with abrdn, the Company's investment management team and with
Patria.  The Board has received assurances from abrdn and Patria that the
Company's investment management team will remain unchanged should the
Transaction proceed.  abrdn has also confirmed that appropriate arrangements
will be put in place to maintain the existing administration and other
services currently provided by abrdn or third party service providers.

The Board is evaluating the impact of the Transaction on the Company and its
management team and is continuing to have constructive discussions with
Patria.  No changes will be made to the Company's existing management and
administration arrangements prior to the Transaction completing.  The Board
will provide an update to APEO's shareholders on the progress of the
Transaction in due course.

For further information, please contact:

 abrdn Private Equity Opportunities Trust plc

 Alan Devine (Chair)                           via SEC Newgate

 Dickson Minto Advisers

 Douglas Armstrong                             +44 (0)20 7649 6823

 SEC Newgate
 Sally Walton

                                               +44 (0)20 3757 6872

                                               apeot@secnewgate.co.uk

 Notes:

 

About Patria Investments

Patria is a leading alternative investment firm focused on Latin America, with
over 30 years of history and combined assets under management of $28.2
billion, and a global presence with offices in 10 cities across 4 continents.
Further information is available at www.patria.com
(https://urldefense.com/v3/__http:/www.patria.com__;!!BupLon6U!8EBuj_L14jx1ifoMFNdD6vIOL2oRHuh73ndz-ca2JSxkB4GcQa8SH07u9U83dng$)
.

 

Important Information

This announcement is released by the Company and the information contained
within this announcement is deemed by the Company to constitute inside
information for the purposes of Article 7 of the UK version of the EU Market
Abuse Regulation (Regulation (EU) No. 596/2014) which forms part of UK law by
virtue of the European Union (Withdrawal) Act 2018, as amended. Upon the
publication of this announcement via a Regulatory Information Service, such
information is now considered to be in the public domain.

Legal Entity Identifier (LEI): 2138004MK7VPTZ99EV13

 

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