Odhadovaná NAV k 29. februáru 2024

abrdn Private Equity Opportunities Trust plc

Identifikátor právnickej osoby (LEI): 2138004MK7VPTZ99EV13

19 2024 marca

abrdn Private Equity Opportunities Trust plc ("APEO" or "the Company") announces its estimated net asset value ("NAV") at 29 February 2024

·      Estimated NAV at 29 February 2024 was 764.8 pence per share (estimated NAV at 31 January 2024 was 748.6 pence per share)

·      Excluding new investments, 65.8% by value of portfolio dated 31 December 2023 (estimated NAV at 31 January 2024 was 99.6% dated 30 September 2023)

·      APEO paid £18.4 million of drawdowns to fund commitments and co-investments, and received £4.1 million of distributions from fund investments during the month of February

·      One new primary investment and one follow-on investment into an existing co-investment was made during February

·      Outstanding commitments of £673.2 million at 29 February 2024

·      Likvidné zdroje (peňažné zostatky plus nevyčerpané úverové linky) boli £203.3 million as at 29 February 2024

APEO's valuation policy for private equity funds and co-investments is based on the latest valuations reported by the managers of the funds and co-investments in which the Company has interests. In the case of APEO's valuation at 29 February 2024, excluding new investments, 65.8% by value of the portfolio valuations were dated 31 December 2023. The value of the these investments is therefore calculated as the 31 December 2023 valuation, adjusted for subsequent cashflows over the period to 29 February 2024.

Of the remaining portfolio, 34.0% by value of the portfolio valuations excluding new investments, were dated 30 September 2023. The value of these investments is calculated as the 30 September 2023 valuation, adjusted for subsequent cashflows over the period to 29 February 2024. This is an update from the estimated NAV at 31 January 2024, whereby 99.6% of the portfolio valuations, excluding new investments, were dated 30 September 2023, adjusted for subsequent cashflows over the period to 31 January 2024.

Odhadovaná NAV

At 29 February 2024, APEO's estimated NAV was 764.8 pence per share (estimated net assets £1,173.1 million), representing a 2.2% per share increase from the estimated NAV at 31 January 2024 of 748.6 pence per share (estimated net assets £1,151.0 million). The 16.2 pence increase in NAV per share reflected gains arising primarily from a 1.9% constant currency uplift in the valuation of investments as at 31 December 2023 received to date and a 0.3% appreciation in the euro versus sterling during February. The NAV accretion also includes the effects of the Company's share buy-back program announced in January 2024 which is currently in effect.

The 1.9% constant currency quarterly uplift in the valuation of investments received to date from the reported estimated NAV at 31 December 2023 was due to a broad increase across the portfolio. APEO's primary fund, secondary and co-investment portfolios increased 2.0%, 1.3% and 1.8% in constant currency respectively over the quarter.

Čerpanie a distribúcie

APEO paid £6.8 million of drawdowns to fund commitments and received £4.1 million of distributions from fund investments during the month of February. Including the funding of co-investments committed to during January and February, total net outflows from investment activity in February amounted to £14.3 million.

Drawdowns during the period were across several of APEO's fund investments, primarily to fund new underlying portfolio company investments and management fees.

The distributions received generated realised gains and income of £2.7 million and largely related to realisations in APEO's underlying portfolio of companies. The main realisation during the month related to the sale of KeHE Distributors (distributors of organic food products) by Towerbrook Investors IV.

Investičná činnosť

A new primary commitment of ?15.0 million was made to Altor Climate Transition Fund, a fund focused on decarbonising hard to abate industries across Northern Europe.

A follow-on commitment of $1.0 million has been to a US-headquartered consumer business alongside one of the Company's core private equity managers, the details of which remain undisclosed due to confidentiality restrictions. This follow-on commitment is subsequent to an initial investment of $5.0 million in December 2022.

záväzky

The Company had £673.2 million of outstanding commitments at 29 February 2024. The Manager believes that around £91.6 million of the Company's existing outstanding commitments are unlikely to be drawn.

Úverový rámec a hotovostné zostatky

The Company has a £300.0 million syndicated revolving credit facility provided by The Royal Bank of Scotland International Limited, Societe Generale and State Street Bank International GmbH, and it expires in December 2025. The Company drew a total of £17.1 million from the facility during the month of February, increasing the total drawn balance to £111.2 million at 29 February 2024. The remaining undrawn balance of the facility at 29 2024 februára bola teda 188.8 milióna libier.

Okrem toho mala Spoločnosť hotovostné zostatky vo výške 14.5 milióna GBP dňa 29. februára 2024. Likvidné zdroje, vypočítané ako súčet hotovostných zostatkov a nevyčerpaného zostatku úverového rámca, teda boli 203.3 milióna GBP k d. 29 2024 februára.

Budúce oznámenia

The Company is expecting to announce its estimated NAV at 31 March 2024 on or around 15 April 2024.

Additional detail about APEO's NAV and investment diversification can be found on APEO's website. Neither the contents of the Company's website nor the contents of any website accessible from hyperlinks on the Company's website is incorporated into, or forms part of, this announcement.

For further information please contact Alan Gauld at abrdn Capital Partners LLP (0131 528 4424)

Poznámky: -

abrdn Private Equity Opportunities Trust plc is an investment company managed by abrdn Capital Partners LLP, the ordinary shares of which are admitted to listing by the UK Listing Authority and to trading on the Stock Exchange and which seeks to conduct its affairs so as to qualify as an investment trust under sections 1158-1165 of the Corporation Tax Act 2010.

The Company intends to release regular estimated NAV updates around ten business days after each month end. A breakdown of APEO's portfolio can be obtained in the latest monthly factsheet, which is published on APEO's website at:

www.abrdnpeot.co.uk