Patria Private Equity Trust (LON: PPET), formerly known as abrdn Private Equity Opportunities Trust plc provides access to a diversified portfolio of private equity investments. The Trust’s investment objective is to achieve long-term total returns through holding a diversified portfolio of private equity funds and co-investments, a majority of which will have a European mid cap focus.
The Trust invests in private equity funds by making primary commitments and secondary purchases, and it makes “direct” investments into private companies via co-investments and single-asset secondaries
Patria is a leading alternative investment firm with over 35 years of specialized experience across a range of sectors.With over U$40 billion pro forma assets under management and a global presence, Patria has delivered attractive and consistent returns in long-term investment opportunities.
Patria Private Equity Trust plc (“PPET” or “the Company”) announces its estimated net asset value (“NAV”) at 30 September 2024 …
£180 million Portfolio Disposal Patria Private Equity Trust plc (“PPET” or “the Company”) is pleased to announce that it has …
NAV Update: 29 Feb 2024 abrdn Private Equity Opportunities Trust plc (“APEO” or “the Company”) announces its estimated net asset …
First interim Dividend DECLARATION OF FIRST INTERIM DIVIDEND The Company announces the payment of the first interim dividend in respect …
Annual Financial Report HIGHLIGHTS TO 30 SEPTEMBER 2023 NAV Performance – NAV TR for the year to 30 September 2023 …
abrdn Private Equity Opportunities Trust plc (“APEO” or “the Company”) announces its estimated net asset value (“NAV”) at 31 December …
| 30 Sep 2023 £~000 | 30 Sep 2022 £~000 |
|
|---|---|---|
| Total capital gains on investments | 70,562 | 147,940 |
| Profit before finance costs & tax | 67,700 | 146,596 |
| PBT | 61,547 | 144,371 |
| Profit after taxation | 60,963 | 143,611 |
| EPS | 39.65p | 93.41p |
| Balance Sheet | 30 Sep 2023 £~000 | 30 Sep 2022 £~000 |
|---|---|---|
| Investments | 1,261,995 | 1,192,380 |
| Cash | 9,436 | 30,341 |
| Total current assets | 39,553 | 31,397 |
| Revolving credit facility | (100,883) | (62,012) |
| Total assets less current liabilities | 1,195,643 | 1,158,052 |
| NAV Performance | Feb 2024 | Jan 2024 | Dec 2023 | Nov 2023 | Oct 2023 | Sep 2023 | Aug 2023 | July 2023 |
|---|---|---|---|---|---|---|---|---|
| Monthly NAV Estimate (£~m) | 1,173.1 | 1,151 | 1,173.4 | 1,170.6 | 1,180.1 | 1,183 | 1,164.2 | 1,138.1 |
| Monthly estimated NAV per share (pence) | 764.8p | 748.6p | 763.2p | 761.4p | 767.7 | 769.4 | 757.2 | 740.2 |
Investment Week: “Patria Investments’ Alan Gauld: FCA review is an opportunity to dispel private equity valuation myths” (Sep 2024)
The topic of private equity valuations has always generated a debate, particularly so over the last couple of years. While some commentators from outside the private equity sector have questioned private market valuations, our experience is that valuation process and governance in the private equity buyout space have long been robust and have materially improved since valuation methods were first developed decades ago. Buyout firms are still typically selling businesses at a meaningful valuation uplift, yet the misconceptions regarding valuations still, frustratingly, haunt the industry.
RSM Global Private equity will remain active in 2023 (Feb 2023)
As we look into 2023, it’s remarkable the types of mixed messages that one receives about private equity (PE) and whether this group of investors will be active or not.
Uncertainty over where the economy is headed is understandably delaying some decisions…However, as was set out in our last market perspectives, about capital availability, there is a significant amount of capital available for private equity investors to deploy. Globally there is $1.2tn (near an all-time high) of what we call private equity ‘dry powder’ that must be deployed by these investors, and any slow down in their investment cadence could jeopardise their ability to invest all the funds that they have committed to do…we expect PE investors to continue to be active investors in 2023 and any companies seeking capital and strategic partners to navigate the current economic climate and make the most of the opportunities that it represents (there is always opportunity in a crisis!) should engage these potential partners.
