LONDON (Alliance News) - Aberdeen Private Equity Fund Ltd Monday said its net asset value per share declined to 103.6 pence at the end of September, a negative total return of 5.8% over six months as a positive return from the portfolio was outweighed by adverse foreign exchange movements, in particular the 6.3% depreciation of the US dollar against sterling.
"The board and Investment Manager remain positive on the outlook for private equity and look to continue to diversify the portfolio by adding more recent vintage exposure. The addition of further expertise and experience via the creation of a strategic alliance between SVG Capital and Aberdeen's private equity team should benefit the company," it said.
Aberdeen Private Equity Fund shares were up 1.2% at 81.5 pence Monday morning.
By Steve McGrath; stevemcgrath@alliancenews.com; @SteveMcGrath1
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