Standard Life Private Equity Trust (SLPE) will be promoted from the FTSE UK Small Cap index to the FTSE 250, following the quarterly review of the London Stock Exchange’s FTSE UK Index Series.
The change will be applied after the close of business on Friday 18 March, and effective on Monday 21 March. Will booming private markets lead to success for private equity trusts? SLPE investment manager Alan Gauld said: "We are thrilled that SLPE will be joining the FTSE 250 in the coming days. The move will enable a broader investment base to gain access to a diversified portfolio of leading private companies. "This news also tops off a year of important milestones for the company. It turns 20 years old in 2021, breached the £1bn barrier in net assets and delivered record annual...
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