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| TIDM | APEO |
| Share Price | £612.00-0.98% |
| Market Cap | £94.09bn |
abrdn Private Equity Opportunities (APEO) reported positive net asset value growth and double-digit share price returns for 2023. Its shares currently trade at a 28.9% discount to NAV, having narrowed by over 10 percentage points from approximately 45% in October 2023. abrdn's private equity division, which includes APEO, is due to be acquired by Latin American asset manager Patria Investments in the first half of 2024.
| Date | 15 Apr 2024 |
| Time | 16:51:41 |
| Category | Miscellaneous |
| ID | 6840K |
abrdn Private Equity Opportunities - Update from QuotedData
15th April 2024
On the way to greener pastures
Despite navigating through challenging conditions in 2023, abrdn Private Equity Opportunities (APEO) achieved remarkable success with recently published annual results reporting both positive net asset value (NAV) growth and double-digit share price returns. APEO's discount to NAV has narrowed by more than 10 percentage points in recent months, so that it is shares are trading on a 28.9% discount currently, narrowing from about 45% last October. This resilience came in spite of a slowdown in activity in European private equity markets in 2023, dampened by a residual fear of rising interest rates and geopolitical tensions. However, as interest rates come down, the market could bounce back quickly, thanks in part to the associated lower costs of debt and greater valuation certainty that come with falling interest rates.
Furthermore, APEO will shortly come under the umbrella of Latin American asset manager Patria Investments, with abrdn's private equity division due to be acquired by Patria in the first half of 2024. Importantly, there will be no change to APEO's process, and the deal may in fact open up new appetite for APEO's shares.
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NB: Marten & Co was paid to produce this note on abrdn Private Equity Opportunities Trust Plc, and it is for information purposes only. It is not intended to encourage the reader to deal in the security or securities mentioned in this report. Please read the important information at the back of this note. QuotedData is a trading name of Marten & Co Limited which is authorised and regulated by the Financial Conduct Authority. Marten & Co is not permitted to provide investment advice to individual investors categorised as Retail Clients under the rules of the Financial Conduct Authority.
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