Standard Life Investments

Editorials

In this section, we aim to provide insightful commentary on markets, the strategies we deploy and the themes we seek to exploit in our funds. These articles are shaped by the latest topical events that influence our investment decisions but should not be regarded as investment advice.

Building confidence in private equity

The Standard Life Private Equity Trust has made a significant move to build confidence that investing in private equity can be positive for an investor’s portfolio.

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Risk and reward in private markets

Risk and reward in private markets

A narrowing in liquidity differences between public and private markets, in conjunction with enhanced diversification potential, has increased attention on real assets. In a portfolio context, determining the impact of macroeconomic factors on asset cashflows allows us to quantify the risks.

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Discounting discounts

Discounting discounts

When investing in listed private equity investment trusts, it is worth focusing on the countercyclical investment opportunity presented by fast-growing European private companies rather than discounts to net asset value.

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Hidden equity value

Hidden equity value

Listed private equity investment trusts can be a hidden source of equity value, as many currently trade at a significant discount to their net asset values (NAVs). We believe there is clear evidence that investors are mispricing the equity risk of investing in private limited companies and underestimate just how robust the trusts’ NAVs will be.

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