LONDON (Alliance News) - Standard Life Private Equity Trust PLC on Wednesday said it net asset value per share fell in April following a dividend payment and foreign exchange.
The investor's estimated NAV on April 30 was 407.3 pence per share, down 0.8% from 410.7p per share. The drop of 3.4p per share results from a 3.2p per share dividend, which was paid on April 26, as well as foreign exchange loss due to a 0.2% depreciation of the euro versus sterling in April.
Standard Life Private Equity paid USD8.2 million of drawdowns in the month and received GBP6.6 million of distributions. The distributions created GBP5.6 million of realised gains and income.
The company made a USD20.0 million new commitment to American Industrial Partners Capital Fund VII LP and a EUR25.0 million new commitment to both Investindustrial VII and Seventh Cinven Fund.
At the end of April, the investor had GBP432.1 million of outstanding commitments and believes approximately GBP60.0 million of its existing outstanding commitments is not likely to be drawn.
Also on April 30, Standard Life Private Equity had resources available for GBP78.9 million of investment and had a GBP80 million undrawn revolving credit facility.
Interim results for the investor will be published on June 19.
Shares in Standard Life Private Equity were down 0.8% at 356.68p on Wednesday afternoon.
