SL equity trust values on rise
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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