Aberdeen Private Equity Fund Limited
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Investor Warning

Please be aware of scams that can affect investors.

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NMPI Status

The company currently conducts its affairs so that securities issued by Aberdeen Private Equity Fund Limited can be recommended by IFAs to ordinary retail investors in accordance with the FCA’s rules in relation to non-mainstream pooled investment products (NMPIs) and intends to continue to do so for the foreseeable future.

The Company’s securities are excluded from the FCA’s restrictions which apply to non-mainstream investment products because the company would qualify as an investment trust if the company were based in the UK.

 
 

Morningstar Ratings

Fund Rating

2 star Rating
 
 

Risk Warning

The value of investments and the income from them may go down as well as up and investors may get back less than the amount invested. The tax benefits relating to ISA investments may not be maintained. Please refer to the Key Facts documents contained in the ISA/Share Plan Brochure & Application form for general and specific investment risks attaching to the individual trusts.

Read the detailed Risk Warning
 

Past Performance

Past performance is not a guide to future results.
See latest monthly factsheet below for performance history.

 
 

Daily Data

At close 18-Dec-2014

Sterling Shares
Price85.38p
NAV115.27p
Prem/-Disc-25.93%


Source: Morningstar, NAV = Net Asset Value, excluding income.

 
 
 
 
 

Portfolio Holdings Disclaimer

Holdings are subject to change at any time. Holdings should not be relied upon in making investment decisions and should not be construed as research or investment advice regarding specific securities. By accessing the portfolio holdings, you agree not to reproduce, distribute or disseminate the portfolio holdings, in whole or in part.

 
 

Trust Details

Aberdeen Private Equity Fund Limited

Registered Office:
Ipes (Guernsey) Limited
1 Royal Plaza
Royal Avenue
St Peter Port
Guernsey GY1 2HL

Registered in Guernsey as an Investment Company Number 46192

 

Aberdeen Private Equity Fund Limited

Objective

To generate long-term capital gains.

About Aberdeen SVG

Aberdeen Private Equity Fund is managed by Aberdeen SVG. Aberdeen SVG is a strategic alliance between the FTSE 100 asset manager, Aberdeen Asset Management PLC, and the FTSE 250 private equity investor, SVG Capital plc.

Aberdeen SVG is focused on providing investors with leading investment performance through tailored access to the private equity asset class. It employs over 40 professionals in one global team, across a broad range of complementary disciplines, offering ‘on the ground’ access to major private equity markets.

 
 

Aberdeen Private Equity Fund Limited, Annual Report for the Year Ended 31 March 2014
Alex Barr, Head of Private Equity Investments

In this webcast Alex Barr gives an update on a wide range of subjects including performance, a sector breakdown, the largest investments and an outlook for the Trust

Click here to listen to the presentation.

 

 

Manager's Monthly Report

October 2014

Portfolio News

During October there were sixteen revaluations of portfolio funds, which consisted of nine upward valuations and seven downward valuations; the net effect was that the portfolio generated a total return in local currency terms which was flat versus the previous month.

The most significant portfolio write-up came from Silver Lake Partners III LP (+$1.4m), as there was a first write-up with respect to Dell, in which the Company also has a direct co-investment, at the 30 June valuation point.

Distributions

Distributions totalled $4.0m in October, with the largest distributions coming from The Resolute Fund III LP ($1.2m) and Gores Capital Partners III LP ($0.8m).

The Resolute Fund III LP distribution was a recallable return of capital in respect of a return of bridge financing from the recent investment in Capstone Logistics LLC. The Gores Capital Partners III LP distribution was in respect of its exit from Sage Automotive Interiors, which was sold recently to Clearlake Capital Group. Sage is a leading global supplier of automotive textiles, with the #1 position in automotive seating fabrics. Gores Capital Partners III LP has made a 2.8x multiple of investment on Sage Automotive Interiors.

Calls

The Company paid calls of $3.0m in October. The largest call was $1.3m made by The Resolute Fund III LP, in respect of a new investment in American Freight Group, Inc., a leading US discount furniture retailer. There was also a large call from Lion Capital Fund III ($1.2m), in respect of the fund’s recent acquisition of a 20% stake in Alex & Ani, a highly-differentiated, affordable fashion jewellery and lifestyle brand.

As at 31 October 2014, uncalled commitments stood at $83.2m, or 41.3% of NAV and 147.8% of liquid resources.

Basis of valuation

Sixteen revaluations were received during the month, such that a total of 16 funds (and 2 co-investments) are now being valued based off 30 September 2014 statements.