Investment Trusts  

Standard Life private equity trust share price jumps 53%

Standard Life private equity trust share price jumps 53%

Standard Life’s Private Equity trust has seen its share price increase by nearly 53 per cent in a year after a recent overhaul of its fee structure.

The trust, which is made up of 50 private equity holdings, also saw its net asset value jump by 25 per cent for the year ending 28 February, according to an update published on Friday (24 March).

This comes months after the £555m trust changed its fees as it looked to give investors a less costly way of tapping into private equity markets.

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The trust was also recently renamed from the European Private Equity to reflect that the strategy was widening its scope outside of Europe.

Its NAV total return was 4.3 per cent in the final quarter of 2016, and its discount has narrowed over the three months.

Its liquid resources stood at £107m at the end of last year and dropped to £92m on 10 March.

On 27 January, the company paid a final dividend for the year ending 30 September of 3.6p per ordinary share.

The cost of the final dividend amounted to £5.5m.

katherine.denham@ft.com