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On 2 July 2026, CT Private Equity Trust plc completed the sale of a portfolio comprising nine older European fund interests, dating from 2008 to 2019. The transaction raised £24.7 million at a 16.1% discount to the 31 December 2025 net asset value (adjusted for cashflows). These proceeds represent 4.9% of the Company's Q1 2026 NAV, resulted in a 1.3% reduction in NAV, and will be used to reduce leverage and fund new investments.
| Date | 2 Jul 2026 |
| Time | 07:00:03 |
| Category | Miscellaneous |
| ID | 6865K |
CT Private Equity Trust plc ("the Company")
LEI: 2138009FW98WZFCGRN66
Date 2 July 2026
CT Private Equity Trust plc strengthens its liquidity position through the sale of a portfolio of fund interests raising £24.7 million.
CT Private Equity Trust plc has completed the sale of a portfolio of fund interests for £24.7 million. The portfolio comprised nine of the Company's older European fund positions dating from 2008 to 2019, which were considered to have less potential for further value creation.
The portfolio was sold to institutional buyers at a 16.1% discount to the 31 December 2025 net asset value ("NAV") adjusted for cashflows up to completion, in line with standard secondary market practice. The level of discount reflects the age, concentration, size and more limited growth prospects of the underlying assets. The proceeds represent 4.9% of the Company's Q1 2026 NAV and the transaction has resulted in a 1.3% reduction in NAV.
Proceeds from the sale will be used to reduce leverage and to fund new investments, with the Manager currently seeing attractive opportunities, particularly in direct co-investments.
Andrew Carnwath, Fund Manager noted "This transaction crystallises value from several mature holdings with less scope for further value creation at a discount materially narrower than that at which the Company's shares currently trade.
Together with the recently announced Cyberhawk realisation, these transactions generate approximately £43 million of proceeds at a premium to their previous carrying value. This provides further evidence of the underlying value of the portfolio while significantly enhancing the Company's liquidity position.
This additional liquidity gives us significant flexibility to fund new investments and capitalise on the attractive opportunities we are currently seeing. Delivering a predictable and growing quarterly dividend is a key priority. We will also consider share buybacks where they represent an attractive use of capital and enhance shareholder value."
For more information, please contact:
|
Andrew Carnwath (Fund Manager) |
0131 573 8283 |
|
Scott McEllen (Company Secretary) |
0131 573 8372
|