Published Date:
30 May 2008
A PRIVATE equity trust run by Standard Life Investments has seen the value of its assets rise significantly, despite a "significant reduction" in new investment in the overall market.
The Standard Life European Private Equity Trust, based on George Street, saw net assets rise to £424.6 million, compared to £385.7m six months ago.
The company now has interests in 50 private equity funds with a value of £396.4m, and it holds £28.5m in cash and money market balances.
Chairman Scott Dobbie said: "The company delivered a solid performance against the background of difficult conditions.
"The board believes that the company should continue to generate strong relative and absolute returns over the medium term."
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Last Updated:
30 May 2008 11:34 AM
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Source:
Edinburgh Evening News
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Location:
Edinburgh
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Related Topics:
Standard Life
