RCS - abrdn Pvt Equity - Edison issues update on abrdn PEO Trust

Patria Private Equity Trust

18/07/2023 12:11

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RNS Number : 4004G  abrdn Private Equity Opp Trst plc  18 July 2023

London, UK, 18 July 2023

 

Edison issues update on abrdn Private Equity Opportunities Trust

abrdn Private Equity Opportunities Trust (APEO) posted a 12-month NAV total
return (TR) to end-May 2023 of 7.0%, supported by continued strong portfolio
earnings momentum (up 28.7% over the 12 months to end-March 2023 for APEO's
top 50 holdings). Muted global M&A volumes continue to weigh on private
equity (PE) exit activity, with APEO's capital calls in the calendar year to
end-May 2023 (£74.0m) outpacing distributions (£54.1m). That said, APEO's
undrawn credit facility and cash of £243.4m at end-May 2023 provide it with
decent near-term balance sheet headroom, as these cover 35% of APEO's
outstanding investment commitments (which should be drawn gradually in the
coming years).

 

APEO offers a quality exposure to the PE mid-market through a portfolio of
investments managed by carefully selected, top-tier European general partners
(GPs) with solid sector expertise (the 12 'core' GPs make up 57% of APEO's
NAV). This high-conviction strategy has proved successful over the mid- to
long-term with APEO's five-year and 10-year NAV TR to end-May 2023 at 17% and
15% pa, respectively, ahead of the MSCI Europe Small Cap Index TR of 2.5% and
9.5%, respectively, and broadly in line with its close PE peers. Moreover, its
combined 52% exposure to less cyclical sectors such as technology (typically
profitable B2B software), healthcare and consumer staples, together with the
wide c 39% discount to NAV, may offer some downside protection in the current
environment.

Click here
(https://www.edisongroup.com/research/coping-well-with-the-tough-environment/32464/)
to view the full report.

 

All reports published by Edison are available to download free of charge from
its website

www.edisongroup.com (http://www.edisongroup.com)

About Edison: Edison is a leading research and investor relations consultancy,
connecting listed companies to the widest pool of global investors. By
focusing on the volume and quality of investors reached - across institutions,
family offices, wealth managers and retail investors - Edison can create and
gauge intent to purchase, even in the darkest pools of capital, and then make
introductions via non-deal roadshows, events or virtual meetings.

Having been the first in-market 17 years ago, Edison now has more than 100
analysts covering every economic sector. Headquartered in London, Edison also
has offices in New York, Frankfurt, Amsterdam and Tel Aviv and a presence in
Athens, Johannesburg and Sydney.

Edison is authorised and regulated by the Financial Conduct Authority
(https://register.fca.org.uk/ShPo_FirmDetailsPage?id=001b000000MfYL6AAN) .

Edison is not an adviser or broker-dealer and does not provide investment
advice. Edison's reports are not solicitations to buy or sell any securities.

For more information, please contact Edison:

Milosz Papst +44 (0)20 3077 5720 investmenttrusts@edisongroup.com
(mailto:investmenttrusts@edisongroup.com)

Learn more at www.edisongroup.com (http://www.edisongroup.com) and connect
with Edison on:

LinkedIn        www.linkedin.com/company/edison-group-/
(http://www.linkedin.com/company/edison-group-/)

Twitter             www.twitter.com/Edison_Inv_Res
(http://www.twitter.com/Edison_Inv_Res)

YouTube       www.youtube.com/edisonitv
(http://www.youtube.com/edisonitv)

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