abrdn closes Listed Private Capital fund as part of consolidation push

Closed on 20 September

abrdn has closed its Listed Private Capital fund following a lack of interest from investors.

The fund, which closed on 20 September, stopped accepting new investments on 27 June. In a letter to investors, Quilter said the fund had not "attracted the levels of investment abrdn anticipated at its launch", leading to a "gradual decline in its value over the past few years". Since its inception in 2018, the fund returned 67.7%, according to data from Morningstar Direct. It held around £50m in assets at the time of its closure. Asia Dragon assets swell by over £200m following abrdn New Dawn merger Manager Andrew Lister left the firm at the end of last year to join Lazard Ass...