Dunedin Ent.it. Regulatory News (DNE)

2 May 2007 09:57

Dunedin Enterprise Inv Trust PLC02 May 2007 Dunedin Enterprise Investment Trust PLC Investment in SWIP Private Equity Fund of Funds II PLC ("SWIP II PLC"or the "Company") • Dunedin Enterprise Investment Trust PLC has subscribed €22 million(approx £15 million) for 22,000,000 C Ordinary shares of €1 each in the Company • SWIP II PLC is incorporated in Ireland as a closed end investmentcompany with variable capital and authorised by the Financial Regulator pursuantto Part XIII of the Companies Act 1990 • The Company has acquired a portfolio of 40 private equity fundcommitments from Scottish Widows plc in return for shares in the Company • The Company's portfolio is managed by Scottish Widows InvestmentPartnership Limited • The portfolio comprises commitments to large pan-European buyoutfunds, mid-market European buyout funds, European and US venture and biosciencefunds, a mezzanine and a secondaries fund • The portfolio of fund commitments comprise vintage years 2000 to 2007 • SWIP II PLC will make commitments to further private equity funds overthe coming three years This information is provided by RNS The company news service from the London Stock Exchange