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JP Morgan Private Equity - a trust in liquidation mode...

Closed-end funds and OEICs
SKYSHIP
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JP Morgan Private Equity - a trust in liquidation mode...

#178559

Postby SKYSHIP » November 6th, 2018, 3:46 pm

Private Equity is I believe 2nd only to Biotech for the accolade as best long-term performing sub-sector of the overall Investment Trust sector. Certainly post the 2008/9 drama, the PE Trusts have performed especially well; aided by the fact that many of the smaller trusts, having found that lack of scale was proving a hindrance, chose voluntary liquidation. This move was of enormous benefit to shareholders as naturally, over the course of liquidation, the share price discounts were absorbed.

HPEQ, MTH, NRI were three of the trusts which proved very profitable investments over recent years. Another one still in liquidation mode is JP Morgan Private Equity Trust (JPEL).

JPEL provides some useful currency diversification as, though LSE listed, it is quoted in US$.

Last week I bought back into JPEL as the cash stats suggest they are likely to be on the verge of another capital redemption pay-out. They can be bought @ $1.50 v. $1.82 NAV. Redemption of whatever %age would likely again be at the full NAV level.

You’ll find some discussion on ADVFN’s JPEL thread; and also today on the PE thread - link below:

https://uk.advfn.com/cmn/fbb/thread.php3?id=26570589

Two things of note:
# Value specialist BTEM has a good sized holding.
# JPEL's portfolio is: US - 58%; Europe - 31%; Asia - 7%; RoW - 4%

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