News Column

Standard Life European Private Equity Raises Commitment To Altor IV

July 21, 2014

Samuel Agini



LONDON (Alliance News) - Standard Life European Private Equity Trust PLC Monday said it has made a new EUR55.0 million commitment to Altor IV, a Nordic mid-market buy-out fund, taking total commitments to GBP227.9 million.


It made no new commitments during the quarter ended June 30, with the Altor IV move coming after the period ended.


The trust, which targets long-term capital gains through holding a diversified portfolio of private equity funds investing predominantly in Europe, said that it funded GBP15.3 million of draw downs and received GBP13.0 million of distributions in the quarter ended June 30. From June 30 to July 17, the trust funded GBP5.4 million of draw downs and received GBP15.0 million of distributions.


The private equity trust said that on Friday last week, it had a cash balance, including holdings in money market funds, of GBP26.2 million and had GBP21.6 million invested in UK and European equity index tracker funds.


Standard Life European Private Equity'sJune 30 net asset value will be published on or around September 23.


Standard Life European Private Equity shares were Monday quoted down 0.3% at 202.49 pence.







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Source: Alliance News


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