CT Private Equity Trust PLC
Hamish is Head of Private Equity. He has 34 years of investment experience of which over a quarter of a century are in private equity. He joined Columbia Threadneedle through the acquisition of BMO GAM (EMEA) in 2021, having previously been with BMO (and its predecessor firms) since 1990. He has been head of the Private Equity team since its inception and oversees all the funds managed by the team, including BMO Private Equity Trust plc and F&C Climate Opportunity Partners LP. Hamish was a director of Martin Currie Investment Management between 1996 and 2005. His prior responsibilities at Martin Currie included small companies and Far Eastern equities. He was an investment analyst with Robert Fleming Asset Management between 1988 and 1990. Hamish is a graduate of Aberdeen University and Edinburgh University.
The Trust offers access to a diverse spread of private equity investments principally through exposure to specialist private equity funds and co-investments in individual companies. In particular, the fund manager looks to identify those managers with a proven ability to make excellent absolute returns over the medium to long-term. The Company aims to pay quarterly dividends with an annual yield equivalent to not less than four per cent of the average of the published NAV per Ordinary Share as at the end of each of its last four financial quarters prior to the announcement of the relevant quarterly dividend and not less than the prior quarter’s dividend. Dividends are funded from a combination of revenue and realised capital profits.
- Affordable – save monthly or via lump sums to suit your budget
- Diversified – one share provides access to a broad range of underlying investments
- Expertise – specialist private equity investors since 1999
- Income – attractive level of dividend payable quarterly
CT Private Equity Trust PLC is a member of LPeC, for more information please click here.
Objectives
Harnessing potential by direct and indirect investments
The Company’s investment objective is to achieve long-term capital growth through investment in private equity assets, whilst providing shareholders with a predictable and above average level of dividend funded from a combination of the Company’s revenue and realised capital profits.
The Company aims to pay quarterly dividends with an annual yield equivalent to not less than four per cent of the average of the published NAV per Ordinary Share as at the end of each of its last four financial quarters prior to the announcement of the relevant quarterly dividend and not less than the prior quarter’s dividend.
The Trust has the ability to make private equity investments by taking stakes in private equity focused limited partnerships, offshore funds and investment companies. In addition to investing in newly formed private equity funds, the Trust may also purchase secondary private equity fund interests (that is, portfolios of investments in existing private equity funds). The Trust may also make direct private equity investments, mainly through co-investment in specific companies.
The private equity funds in which the Trust invests comprise buy-out funds, venture capital funds and mezzanine funds. Both the funds and the direct investments are selected in order to create an underlying portfolio which is well diversified by geography, sector, size of company, stage of development, transaction type and management style.
Diversified opportunities
In the right hands, a company with an innovative product, the right strategy and a strong brand can significantly grow its business and profitability. Such companies, however, often lie outside of listed markets and are therefore beyond the reach of individual investors. CT Private Equity Trust PLC offers access to this potent ‘unlisted’ growth potential via specialist proprietary and third party private equity funds and direct investments in companies. Columbia Threadneedle’s Private Equity Team has proven expertise in private equity manager selection and direct investment. This expertise, together with a robust approach to investment and an emphasis on quality opportunities, provides scope for long-term capital growth.
Investment Risks
Fund Facts and Key Dates
Fund Facts
Investment manager | Columbia Threadneedle Investment Business Limited |
Benchmark | NAV Total Return |
AIC sector | Private Equity |
Launch date | 2001 |
Total assets | £521 million (as at 31.03.22) |
Currency | Sterling |
ISIN | GB0030738271 |
SEDOL | 3073827 |
Ticker symbol | CTPE |
Key Dates
Annual general meeting | May |
Year end | 31 December |
Dividend payment date(s) | January, April, July and October |
Sustainability and ESG
The Board
How to invest
Invest with Columbia Threadneedle
Starting from £25 per month or a lump sum of £100, with the flexibility to start and stop contributions whenever you want.
There are no dealing charges on investments made online or through a monthly direct debit.
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