LONDON (Alliance News) - Aberdeen Private Equity Fund Ltd on Wednesday said its net asset value per share rose 16.1% in the year to end-March, boosted by the strong performance from its investment portfolio, and gains from the strengthening of the dollar against sterling.
The company does not have a benchmark, it said, although it regularly reviews its net asset value performance against its peer group.
As at the end of March, 81.2% of the company's portfolio was invested in 26 private equity funds and 3.9% in four co-investments.
Aberdeen said its best performing investment was the Thoma Bravo IX Fund, with gains driven by a strong exit market and uplifts from operation improvements.
The company said the demand for private equity owned assets continues to be strong, and in the absence of a major geopolitical or economic global shock "it is likely that good returns from private equity investment strategies will continue for the immediately foreseeable future."
The fund proposed a final dividend per share of 2.2 pence, up from 2.0 pence a year before.
Shares in Aberdeen Private Equity were up 1.4% at 90.38 pence Wednesday morning.
By Hana Stewart-Smith; hanassmith@alliancenews.com; @HanaSSAllNews
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